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chadhaletrucking
Level 1

How to Add Independent Contractors and how to set up accounts

We are a small trucking company.  We do hauling ourselves and also have contractors do hauling.  I have been using QB for invoicing and paying bills.  I have accounts set up but I do not believe I have them set correct.  I have the vendors entered and a list of what is being hauled.  I need to be able to track what the contractors are hauling and it needs to hit the correct accounts.  I have been using Qb where I enter their bill as a billable expense and then can bill the customers with that data but our truck does the same thing.  I really don't think I have something correct.  Does anybody do the same lines of work that can help me?  Thanks in advance.

 

 

2 Comments 2
Anonymous
Not applicable

How to Add Independent Contractors and how to set up accounts

Hello, chadhaletrucking. 

 

If the expense you incurred from your contractors is reimbursable by your customer, then you can record a billable expense. Creating this type of transactions will impact the expense in your books and income once invoiced.

 

About using the right accounts, we’d recommend to consult an accountant to make sure you’re tracking your expense and income properly.

 

 Please visit us again if you need anything else.

qbteachmt
Level 15

How to Add Independent Contractors and how to set up accounts

What you want is Two Sided Items. For this: "I have been using Qb where I enter their bill as a billable expense and then can bill the customers with that data but our truck does the same thing."

 

You can set up a Set of Service items for all needs, because the Expense side will not have data flow from your own Hauling. That expense side will only result in data flow because you List the Item on the Purchase. Do not use the Expenses tab.

 

Set up Two Sided Service items, for what you haul, with the Rate you charge.

 

Please see my attachment.

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