Connect with and learn from others in the QuickBooks Community.
We process payments to contractors from ADP and usually booked lump sum amount in QBO per ADP wire amounts.
But we want to record each contractor payment instead, for recording 1099 Misc at the end of the year purpose.
How do we categorize/book in QBO to each vendor from lump sum amount of ADP withdrawal?
Please let me know.
QB works on names, a payment has to have a vendor name, and the mapped expense account has to be used in the payment transaction for it to be tracked for 1099 purposes
so the lump sum payment has to be broke down into vendor payments in QB
One way would be book the lump sum payment to a dummy cash type bank account, then pay each vendor individually from that account