W2 Mate® allows users generate and print Merchant Card and Third Party Network Payments, 1099-K Forms. Form 1099-K is used to report income for payments processed through a merchant account credit card processing account. An IRS 1099-K form breaks down a company's sales by month, W2 Mate® makes year-end reporting a breeze. Simply fill in the fields related to payee and the figures to automatically populate forms. To print 1099-K Forms simply chose your payee(s) and click print. Follow the instructions included in the tutorial below.
Make sure you have the correct Company open inside W2 Mate
Note: In order to use this feature you must purchase and enable W2 Mate Option #5 for Additional 1099 Forms
1. Click "1099 & 1098 Recipients " from Shortcuts
2. Click "New 1099/1098 Recipient"
3. Checkmark to choose "Form 1099-K" from the drop down list
4. Enter New Recipient information
5. Click "OK"
6. Click "1099 & 1098 Forms " from Shortcuts
7. Click "Select" under Form Type
8. Select "Form 1099-K" from the list
9. Click "OK"
10. Click "Select" under Recipient
11. Select the correct recipient from the list
12. Click "OK"
13. Fill in recipient(s) amounts (for example: Gross amount of payment card, number of purchase transactions, etc.)
14. Click "Save"
Note: Repeat the steps above for each 1099-K recipient
15. Click "Print"
16. Step 1: Select Recipients from list
17. Step 2: Select type of copy to print
Note: To print a Recipient /Payer copy on blank paper choose the copy to print from the drop-down menu
To print the data on the preprinted IRS red form chose "Print DATA Only"
18. Click "OK"
19. Select the correct printer from drop down list
20. Click "OK"
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