Hi, help! I paid my contractors through PayPal and now I can’t use QBO to file? Am I totes screwed this late? Rookie entrepreneur here. Thanks!

the 1099 for contractors is cash based, the only payments you need to report are those made by cash or check.

Using paypal, google pay, apple pay, etc etc is smart, that is what I do, and now I have no 1099's to prepare each year

It looks like you're filing the 1099 form, Enjoli Productions. I'd like to explain why you're unable to file it.

In addition to what Rustler provided, the 1099 MISC form will only include cash, check, EFT, ACH, and direct deposit payments. Once you paid your contractors through PayPal, it will not show on the report or form.

You'll want to edit the transaction, then use a different payment method like cash or EFT. Or, you'll have to create a check or expense instead, then delete the PayPal transaction. 

I'll share the article for more details about why some contractors are missing from the 1099 vendors list.

You can keep in touch with us by getting back to this thread. We're here to lend a hand. 

HI! New LLC owner here as well--- 

Thanks for the info so far. I have to pay a contractor around $8k and need to show the transaction in my QB so I don't pay taxes on that amount (correct!?) Can I just "create an expense" in QB to account for the money transfer through a PayPal payment? 

Thanks so much. I am a designer/ artist-- NOT an accountant :) 

Cameron

Good morning, @JCAB. 

Welcome to the Community and this thread. I hope your day is going well so far. 

To ensure you're doing the right steps for your business, I recommend consulting with your accountant. They'll be able to give you the best route for you. If you don't have one, no worries. Check out this link to find one near you. 

After speaking with them, if you need help entering this information into your account, just let me know, and I'll do my best. I'm only a few clicks away if you need me. Have a wonderful day!