Simplify Cooperative Year-End Reporting & 1099 Preparation

By Levridge staff | Published: Jul 13, 2026 | Equity and Patronage , Grain | read

Table of Contents

  1. Rebuild the Reporting Year
  2. Automatically Populate 1099 Reporting Fields
  3. Make Year-Specific Adjustments Without Changing Member Records
  4. Add Supplemental Information When Needed
  5. Export Data for Your Preferred Tax Software
  6. Reduce Year-End Reporting Complexity
  7. Additional Resources

Whether you’re reporting patronage distributions, retains, or other member-related payments, Levridge Equity & Patronage provides cooperatives the tools needed to move from financial transactions to 1099 tax reporting with confidence.

Year-end reporting doesn’t have to involve spreadsheets, duplicate data entry, or manual reconciliations. By automating the collection and preparation of reporting information, Levridge helps cooperatives simplify the 1099 process, improve data accuracy, and prepare filing-ready information more efficiently.

The Process at a Glance

  1. Rebuild the reporting year using current payment information.
  2. Automatically populate standard 1099 reporting boxes.
  3. Review and update records as needed.
  4. Add supplemental information where applicable.
  5. Export a CSV file.
  6. Import the data into your tax preparation software for filing.

Rebuild the Reporting Year

When users initiate a 1099 rebuild, the system removes the existing reporting data and reloads it using payment information stored within the system. Instead of relying on manually maintained records, Equity & Patronage goes back to the source of truth and calculates reporting amounts based on what has actually been paid.

This approach helps ensure that reporting reflects the most current and accurate financial information available.

Automatically Populate 1099 Reporting Fields

After the rebuild process is complete, 1099 reporting boxes automatically populate based on the underlying payment data.

For organizations managing patronage distributions, retains, or other reportable payments, this automation eliminates the need to manually enter values into individual tax reporting fields. The system maps and populates the information in the appropriate locations, helping accounting teams prepare for filing with greater confidence.

By reducing manual data entry, organizations can minimize the risk of errors while saving valuable time during the busiest reporting period of the year.

Make Year-Specific Adjustments Without Changing Member Records

Users can make edits directly within the reporting year without altering the underlying member record. For example, if a member’s address needs to be corrected for a specific tax year, users can update the address within the 1099 reporting data without changing the permanent information stored on the member account.

This flexibility is particularly valuable when organizations need to account for historical reporting requirements or make corrections before filing.

Examples of year-specific adjustments include:

  • Correcting recipient mailing addresses
  • Adding supplemental reporting information
  • Updating values needed for tax preparation
  • Maintaining historical accuracy while preserving master records

Add Supplemental Information When Needed

In some cases, organizations may need to include additional information that was not automatically generated by the system. Equity & Patronage provides the flexibility to manually enter information into reporting fields when needed. Rather than forcing users to manage these exceptions outside the system, this keeps everything organized in one place.

Export Data for Your Preferred Tax Software

Users can download their 1099 data as a CSV file and import it into their preferred tax preparation software. This approach allows organizations to leverage the tax filing tools they already use while benefiting from the automated data collection and preparation capabilities within Equity & Patronage.

Reduce Year-End Reporting Complexity

One of the biggest challenges in tax reporting is ensuring the information being reported reflects actual payments made throughout the year. Levridge Equity & Patronage addresses this by rebuilding 1099 data directly from transactional records.

Key Benefits

  • Refreshes reporting data automatically
  • Uses actual payment history as the source of truth
  • Reduces manual reconciliation efforts
  • Helps improve accuracy before tax filing

Additional Resources