How to Create a Journal Entry to bring over 1099 Cutover Balances

Overview:

In this article, there will be instructions as to how to bring over commission balances for 1099 reporting purposes. Please find the available resources below.

For information on how to bring over 1099 Cutover Balances using an Equity Account, please click in this link. 

Quick Reference:

Link to Full Step-by-Step Guide