How do I setup my contractors for direct deposit for payroll starting 2024?

Let me help you set up your contractors for direct deposit payments in QuickBooks Online (QBO), userbobbi_lynn.

We can set up a contractor profile and their direct deposit information. Please note that your steps depend on which product you have. If you're using QBO and QuickBooks Contractor Payments, here's how to set up a contractor profile:

1. Go to Expenses, then select Contractors.
2. Select Add a contractor.
3. Enter your contractor’s information or select the Email this contractor checkbox so they can fill it out.
4. Select Add contractor.

If you're using QuickBooks Contractor Payments without QBO, follow these steps:

1. Go to Expenses, then select Contractors.
2. Select Add a contractor.
3. Enter your contractor’s name and email address. If you want the contractor to fill out their information, select the Email this contractor checkbox.
4. Select Add contractor.

After that, add your company's bank details and your contractor's direct deposit information. Once done, send a direct deposit to your contractor. Please see Step 3 (depending on which product you have) in this article for the detailed steps: Pay a contractor with direct deposit.

Additionally, you can run 1099 reports in QuickBooks to show contractors that need 1099s. To know how to run these reports, you may want to check out this article: Understand which contractors need 1099s.

Please don't hesitate to let me know if you have any other concerns or if there's anything else I can assist you with in paying contractors using direct deposit. I'll be here ready to help you out. You have a good one.