Good day to you, @user59975.
Allow me to share some insights about creating an expense for a percentage of the invoice income.
As of this time, we don’t have an option to tally a percentage of the income in creating an expense. In the meantime, you’ll want to manually convert the percentage of income from that invoice in paying your contractor. Let me show you how to pay your contractor in QuickBooks Online (QBO):
- Go to the Workers or Payroll menu.
- Click the drop-down next to the contractor's name and then click Write check.
- Select the expense account you use to track paychecks from the Corresponding account in QuickBooks field.
- Enter the needed information, then click Save and Close once done.
You can also check this article for the complete details: Pay a contractor with a paper check.
Also, a vendor is a person or a business that sells products that is different from a customer. While a contractor is a person assigned to specific tasks that have a set completion date. To learn more about withier you should add them as a vendor or contractor, check out this article for reference: How to set up contractors and track them for 1099s in QuickBooks.
I understand having this option would be a great help for you and other users so they can work seamlessly in QBO. I want you to know your voice matters to us. I’ll let our product engineers know about this feature so they’ll consider adding this in future updates.
For now, I recommend checking our QuickBooks Blog page. There, you’ll be able to get the latest news about QuickBooks and what our product engineers are currently working on.
Additionally, I’ve added this article that you can use for guidance in filing your 1099’s in the future: Prepare and file 1099s using QuickBooks Online.
Let me know if there’s anything else I can help in managing your contractors in QBO. I’d be more than happy to assist you. Have a great day ahead.
