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jirair-apelian
Level 1

Is there any way i can input my contractors beginning balance the way i input for my vendors?

 
Solved
Best answer January 13, 2020

Best Answers
Angelyn_T
QuickBooks Team

Is there any way i can input my contractors beginning balance the way i input for my vendors?

Thank you for taking the time to reach out to us here on the Community page, @jirair-apelian.

 

Same as vendors, you can add the contractors' opening balance under the Vendor Information.

 

Here's how:

 

  1. Select Expenses at the left pane.
  2. Tap on Vendors.
  3. Look for the contractor's name under Vendor/Company.
  4. Click on the name to open.
  5. Hit Edit beside New transaction.
  6. To confirm that the vendor is a contractor, be sure that the box beside the Track payments for 1099 section.
  7. Add the opening balance under Opening balance and enter the date under as of.
  8. Save the changes.

You can also check this article for additional reference about entering customers/vendors opening balances: How to enter outstanding balances for customers and vendors.

 

If you have other concerns, just comment below or post again. I'm always here to help. Have a good day!

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2 Comments 2
Angelyn_T
QuickBooks Team

Is there any way i can input my contractors beginning balance the way i input for my vendors?

Thank you for taking the time to reach out to us here on the Community page, @jirair-apelian.

 

Same as vendors, you can add the contractors' opening balance under the Vendor Information.

 

Here's how:

 

  1. Select Expenses at the left pane.
  2. Tap on Vendors.
  3. Look for the contractor's name under Vendor/Company.
  4. Click on the name to open.
  5. Hit Edit beside New transaction.
  6. To confirm that the vendor is a contractor, be sure that the box beside the Track payments for 1099 section.
  7. Add the opening balance under Opening balance and enter the date under as of.
  8. Save the changes.

You can also check this article for additional reference about entering customers/vendors opening balances: How to enter outstanding balances for customers and vendors.

 

If you have other concerns, just comment below or post again. I'm always here to help. Have a good day!

jirair-apelian
Level 1

Is there any way i can input my contractors beginning balance the way i input for my vendors?

This was amazing. Thanks

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