This definitely is a downgrade from the Intuit Online Payroll. 

1. You have to pay each Contractor individually instead of being able to select multiple contractors, enter the payment amounts and date and memo and pay all at once.

2. You can't print a "payment stub" from within QBO Payroll.

3. You can't print a report of Contractor payments you've made.

4. This report you suggest Transaction List by Vendor is from within QuickBooks, not QBO Payroll and does not look as professional as the "paystub" version from Intuit Online Payroll.

Please consider creating the same user interface from Intuit Online Payroll for Contractor payments!