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First Choice Couriers
July 26, 2022
Question

Contractor deductions

  • July 26, 2022
  • 1 reply
  • 0 views

We pay our contractors through a third party company called Openforce.  We fund Openforce for our contractor wages through direct deposit and they send the payments to them.  We deduct from each contractor a small technology fee.  When we get the bill in we pay it but how do we show the deduction on the funding for Openforce?  What account do we use?  When we pay the bill we record it in the Recruiting account.  Do we use the same account when we show the deduction on the contractor funding? 

1 reply

Rubielyn_J
Rubielyn_J
July 26, 2022

Thanks for visiting the Community page, @First Choice Couriers.

 

When you pay the bill in QuickBooks Desktop, you can record this as a Recruiting account.  

 

I'd also encourage you to work with your accountant for additional guidance. They'll be able to share with you the best way to handle this and ensure your book is well accounted for. If you're not affiliated with one, you can visit our ProAdvisor page and look for one from there.

 

I'm also adding these articles to help manage direct deposit for your contractors in QuickBooks:

 

 

Please post again if you have additional questions on how to record contractors deductions in QuickBooks. I'll be here to help. Stay safe always.

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