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We're unable to do this in QuickBooks Online (QBO) Payroll as of now, kentsimms.
However, I've got some workarounds for you to achieve your goal and utilize the Payroll Contractor account in the future.
You'll want to move those old transactions from the Payroll Expense account to the Payroll Contractor 2023 by creating a Journal Entry. This process requires an understanding of the debits and credits, so feel free to contact your accountant for further assistance.
You can visit this guide to learn how to record journal entries: Create journal entries in QuickBooks Online.
From there, you can use the Payroll Contractor for 2023 account to pay your contractors and mapping transactions in preparing your forms for filing.
Moreover, you can visit these handy articles for the complete workflow and details about preparing a 1099 and get answers to your frequently asked questions about form 1099, such as running reports to view your 1099 vendors and their payments:
If you have any trouble with payroll transactions, please let me know. I'll do everything I can to help here in the Community.
We're unable to do this in QuickBooks Online (QBO) Payroll as of now, kentsimms.
However, I've got some workarounds for you to achieve your goal and utilize the Payroll Contractor account in the future.
You'll want to move those old transactions from the Payroll Expense account to the Payroll Contractor 2023 by creating a Journal Entry. This process requires an understanding of the debits and credits, so feel free to contact your accountant for further assistance.
You can visit this guide to learn how to record journal entries: Create journal entries in QuickBooks Online.
From there, you can use the Payroll Contractor for 2023 account to pay your contractors and mapping transactions in preparing your forms for filing.
Moreover, you can visit these handy articles for the complete workflow and details about preparing a 1099 and get answers to your frequently asked questions about form 1099, such as running reports to view your 1099 vendors and their payments:
If you have any trouble with payroll transactions, please let me know. I'll do everything I can to help here in the Community.
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