As @droybal pointed out, direct deposits are only charged when an actual payment is made. Let me share more about how you can effectively use direct deposits, Matt.
You can use QuickBooks Payroll or QuickBooks Contractor Payment to send direct deposit payments to your contractor. At the same time, use direct deposit to pay open bills in QuickBooks Online (QBO).
To give you more details about direct deposit, check out this resource for reference: Pay A Contractor with a Direct Deposit.
Additionally, QuickBooks provides a variety of reports that will help you check your contractor or vendor payments. You can generate the Expenses by Vendor Summary report or any other vendor report to track contractor transactions and ensure to filter them to specific information to get the data you need. I've added this article for you: Customize Reports in QuickBooks Online.
Did you know that our QuickBooks Live Expert team is available to help you assist with everything from your bank accounts to your transaction processes? Utilizing their deep knowledge, you can gain valuable insights into your business’s financial standing and make better-informed decisions.
Post your comment in the reply if you have any other questions about direct deposit or anything with your contractors. I'll be one post away and ready to assist you further.
