I just got the information you need to set up vendors for Direct Deposit (DD) in QuickBooks Desktop (QBDT).
Before signing up for Intuit Direct Deposit service, make sure your vendor is a 1099 independent contractor and you have an active payroll subscription.
If you’re using QuickBooks Desktop Payroll Basic, Standard and Enhanced, direct deposit for paying employees must be active to activate paying 1099 vendors.
Here’s how to sign up direct deposit for independent contractors: 1. Go to Vendors from the top menu and open Vendor Center. 2. Choose a vendor and double-click their name. 3. On the Edit Vendor window, choose the Additional Info tab and select the Direct Deposit button. 4. Once the Payroll Service Account Information opens, select the Activate link under Direct Deposit, next to 1099 Vendors for QuickBooks Desktop Basic, Standard and Enhanced. For QuickBooks Desktop Payroll Assisted, skip to the next step. 5. Enter your Direct Deposit Pin and select Continue. 6. Follow the onscreen instructions until you get to the Confirmation screen.
Now, you’ll be able to start setting up your independent contractors for direct deposit. Make sure to collect their bank account information before paying vendors.
To add direct deposit information to your independent contractors follow the steps below: 1. Go to Vendors from the top menu and open the Vendor Center. 2. Choose a vendor and double-click their name. 3. Select the Additional Info tab and click the Direct Deposit button. 4. Choose the Use Direct Deposit for: [Vendor Name] box. Enter your vendor’s bank account information. 5. Place a check mark on the box to select Send confirmation direct deposits to [email address] for Intuit to send an email confirming payment. 6. When prompted, enter your direct deposit PIN.