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Jan 26, 2023 10:51 PM UTC
Question

Can I set up payroll for direct deposit for 1099 contractors?

I do not have any W-2 employees.

1 reply

Adrian_A
Jan 27, 2023 12:45 AM UTC

Yes, you can set up direct deposit, kerri14.

 

 You'll need to have a company bank account connected to use direct deposit. Then, you're good to add your contractor's bank account information. Here's how:

 

  1. From the Payroll tab, select Contractors.
  2. Select Add a contractor.
  3. Select Bank account.
  4. Enter their bank information.
  5. Click Save.

 

Also, you can invite your contractor to provide their W-9 business and bank account information. Then, they will be invited to create a QuickBooks Self-Employed account, where they can manage their profile.

 

I've also added these references as your guide in managing 1099s:

 

 

Keep me posted if you have concerns about preparing and filing 1099.