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info-theresarpro
Level 1

If I turn off direct deposit for a contractor, will I still be charged a monthly rate? I will not hire them again until next year.

 
Solved
Best answer August 01, 2024

Best Answers
GlinetteC
Moderator

If I turn off direct deposit for a contractor, will I still be charged a monthly rate? I will not hire them again until next year.

Turning off direct deposit for a contractor won’t charge you a monthly fee,

info-theresarpro.

 

In QuickBooks, you are charged a monthly rate for contractors with direct deposit turned on, even if you don’t pay them during that month. So, turning off direct deposit will prevent any charges until you hire them again.

 

Please follow these steps to proceed:

 

  1. Go to Payroll and choose Contractors.
  2. Find the contractor’s name and use the dropdown menu beside it to switch the direct deposit on or off.

 

For more details about this process, check out this article: Set up and manage direct deposit for your contractors

 

In addition, I'm sharing this resource to ensure accurate record-keeping before filing contractors' 1099s: Set up contractors and track them for 1099s

 

I've got your back if you have further inquiries about managing direct deposit or need assistance with other related topics. Please reply below, and I'll be ready to assist you promptly.

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3 Comments 3
GlinetteC
Moderator

If I turn off direct deposit for a contractor, will I still be charged a monthly rate? I will not hire them again until next year.

Turning off direct deposit for a contractor won’t charge you a monthly fee,

info-theresarpro.

 

In QuickBooks, you are charged a monthly rate for contractors with direct deposit turned on, even if you don’t pay them during that month. So, turning off direct deposit will prevent any charges until you hire them again.

 

Please follow these steps to proceed:

 

  1. Go to Payroll and choose Contractors.
  2. Find the contractor’s name and use the dropdown menu beside it to switch the direct deposit on or off.

 

For more details about this process, check out this article: Set up and manage direct deposit for your contractors

 

In addition, I'm sharing this resource to ensure accurate record-keeping before filing contractors' 1099s: Set up contractors and track them for 1099s

 

I've got your back if you have further inquiries about managing direct deposit or need assistance with other related topics. Please reply below, and I'll be ready to assist you promptly.

info-theresarpro
Level 1

If I turn off direct deposit for a contractor, will I still be charged a monthly rate? I will not hire them again until next year.

Awesome, thank you so much!

RhoiceW
QuickBooks Team

If I turn off direct deposit for a contractor, will I still be charged a monthly rate? I will not hire them again until next year.

Hi there, info-theresarpro.

 

I'm delighted to hear that my colleague was able to provide you with the information you needed about the charges if you opt out of direct deposit. Please be assured that we are committed to delivering the best customer service to you. 

 

Feel free to visit the Community for any help with QuickBooks. We are available to assist you at any time. Stay safe, and have a great day!

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