Hi there, LM537.
I appreciate you for coming back to the thread to add further clarification about your concern. With this, I'll be sharing details on how an entry works in QuickBooks. Then, ensure you'll be able to achieve your goal.
Using Current Other Liability was recommended above in voiding a check from a prior period to offset amounts without affecting the expense from the previous period. Then, creating a bank deposit or journal entry affects the bank and Accounts payable accounts. That said, it might cause changes on the 1099 data since it was already issued last year. For this reason, I suggest consulting an accountant to ensure your records are in shipshape. They can provide suggestions on how to properly handle the voided payment check, particularly with the category/account to use when voiding an entry.
On the other hand, you have the option to make corrections to 1099-NEC or 1099-MISC forms after you e-filed them. That said, I suggest opening this article to view further details and how to perform the steps to achieve this matter: Correct or change 1099s in QuickBooks.
Lastly, you may refer to this article to see different information on how QuickBooks Desktop provides different reports that cater to your business needs and display data from your company file: Understand reports.
In case you have more questions or concerns about the information shared abovw, tag my name in the comment section. I'll be more than happy to assist you. Have a great day ahead.
