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Tm_7
December 28, 2023
Question

Vendor 1099 Contractor -withholding expenses

  • December 28, 2023
  • 1 reply
  • 0 views

We will be adding 1099 Vendor Contractors that will have some withholdings for insurance expenses -how do I record the withholdings?  

1 reply

Adrian_A
Adrian_A
December 29, 2023

Hi Tm_7,

 

 We can create a Check to record the contractor's withholding. I'll guide you through the steps.

 

Here's how:

 

  1. From the Banking menu, select Write Checks.
  2. Select a BANK ACCOUNT.
  3. Select the contractor's name on the PAY TO THE ORDER OF field.
  4. Select a liability account on the Expenses tab.
  5. Enter an AMOUNT.
  6. Fill in the necessary details.
  7. Click Save & Close.

 

Before following the steps above, I suggest consulting with your tax advisor so they can guide you accordingly.

 

Furthermore, if you want to print the check, you can check this article for the detailed steps: Print the check register.

 

I'm always around whenever you have concerns about managing contractor's expenses.

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