We bill our clients a flat fee for the service and pay a1099 % of that invoice. How do we create an expense for that 1099 off that invoice?
Our invoice are flat fees i.e. $400 for the service and we pay a % of that invoice to the 1099 contractor. We are trying to figure out how to create an expense or bill for that specific income invoice. Is that possible? Also should we setup 1099 contractors as Vendors or Contractors?