How do I pay a factoring company? I'm a freight broker and need to pay an invoice which company A delivered. Company A uses a factoring company (Company B)

Hello there, @rortiz312000.

In QuickBooks Online (QBO), we can make a bill for company B and billable to company A. Then, create an item if necessary.

Here's how:

1. Go to the +New button.
2. Under Vendors, click Bill.
3. Choose Company B as a Vendor.
4. Select the Category or Item.
5. Enter the Amount, then put a checkmark under BILLABLE.
6. Choose Company A as a Customer.
7. Hit Save and close.

For reference, you can also look into these articles on how to manage inventory:

• Set up and track your inventory in QuickBooks Online
• Adjust inventory quantity on hand in QuickBooks Online

Feel free to drop a comment below if you have other questions. I'll be right here to help you out. Have a great day!

In the vendor set up, make the "billed from" address that of the factoring company.  "Shipped from" address can be the vendor's address.  Company name and vendor name will be the vendor. Go to payment settings tab and type the factoring company's name into the "print name on check as" box.  When you write a check to this vendor the check will print with the factoring company's name and address.

The only issue I see is when you print 1099s, the address will be the "billed from" address, which is the factoring company's address.  I guess you could work around this issue by going through your 1099 list at year end and editing the "billed from" address for any vendors that factor.  Then run your 1099s with the vendor addresses.  Then go back and change the "billed from" address to the factoring company again. It's kind of a pain but it is only once a year.