I can share some information with tracking payments to 1099 vendors in QuickBooks Online, @dreamerdad.
Yes, you can use QuickBooks Online (QBO) to add your contractor as a vendor and then start tracking their payments. Also, just make sure to map those expenses to the right accounts to prepare and file your 1099s.
Here’s how to add a contractor as a vendor in QBO:
- Go to the Payroll menu, then select Contractors.
- Click on Add a contractor and provide all the information needed.
- When you're done, select Add contractor.
To track their payments:
- Go to the Expenses menu and select Vendors.
- Select the vendor you want to track and open their profile.
- Click on Edit and choose and heck the Track payments for 1099 checkbox.
Refer to the following article for more information about setting up your contractors as vendors and tracking related payments: How to set up contractors and track them for 1099s in QuickBooks.
If you need to file both a 1099-MISC and 1099-NEC, see the following article on how to modify your chart of accounts: How to modify your chart of accounts for your 1099-MISC and 1099-NEC filing.
Let me know if you still have questions about tracking your payments to 1099 vendors by leaving a reply below. I'm always glad to help in any way I can. Have a great rest of the day!