![]() ![]() Under Apply payments to this 1099 box for Stripe Third-Party Account, select Box 7: Nonemployee compensation.In the resulting QuickBooks 1099 Wizard, select Stripe Third-Party Account under Accounts used for 1099.Click on the link in If you want to map your accounts to boxes on Form 1099-MISC, click here.Select Preferences > Tax: 1099 > Company Preferences within QuickBooks. Rest assured, if your Desktop subscription with us has now ended, we will remain on standby to help you over the coming months whether you migrate to QuickBooks Online or elsewhere.This expense account is given an initial tax-line mapping of 1099-MISC: Nonemployee compensation.įor QuickBooks to use Stripe Third-Party Account data for the generation of 1099s, you must first enable this feature within QuickBooks’ preferences. From the connected account’s Dashboard, export an IIF file in the same way as a normal Stripe account.Ĭonnect platforms creating charges on behalf of connected accounts that need to generate 1099s for Custom accounts must declare the correct tax-line mapping of the Stripe Third-Party Account. Platform owners with Custom accounts can view the Dashboard of connected Stripe accounts. Considerations for Connect platforms with Custom accounts Accounts need to be re-merged after each new import. The records in the renamed account will be merged into the retained account. Click Yes to proceed with the merge, No to cancel. You’re then prompted about merging the account with an existing one. Change the name of this account to exactly match the name of the other account (the one you’ll be keeping).Click Account > Edit Account at the bottom of the Chart of Accounts window.Select the account you are no longer going to use (for example, Stripe Checking Account).Make sure both accounts being merged are on the same level (that is, both can be sub-accounts or both can be primary level accounts).Select Lists > Chart of Accounts to view all of your accounts.Customers in the UK and Ireland with QuickBooks Desktop 2021 subscriptions will be fully supported until 30 June, 2023. After June 30, 2023, we will no longer support QuickBooks Desktop 2021 in the UK and Ireland. In particular, you may want to merge the Stripe Checking Account, which represents the bank where your Stripe payouts are sent, with your actual banking account in QuickBooks: There will be no future updates, patches, or new versions of QuickBooks Desktop. You may want to merge one or more of these created accounts with an existing QuickBooks account. Your account’s timezone setting is used for the date range of the IIF export. Change your operating system’s date format back to your preferred style.Set the date format in your operating system to MM/DD/YYYY.If this differs from the exported file, you can temporarily change your operating system’s date format: QuickBooks uses the same date format as your operating system. The IIF file formats the date as MM/DD/YYYY. Always back up your QuickBooks data before importing new information. ![]()
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