Does Quickbooks gather bank account information from contractors for me?

I'm here to help you set up direct deposit for your contractors, @paramounteecs. 

QuickBooks does not automatically gather bank account information from contractors for direct deposits. As the employer or business owner, you are responsible for collecting the necessary bank account information from your contractors if you intend to set up direct deposit payments for them.

When setting up direct deposit for contractors in QuickBooks, you will need to obtain their bank account details, such as the account number and routing number, and input this information into QuickBooks to facilitate direct deposit payments to the contractors.

Furthermore, you'll need to have a company bank account connected to use direct deposit. If you haven't done so, set up your company payroll for direct deposit your contractor's direct deposit info.

Then, add your contractor's bank account info:
 

1. Go to Payroll and then click Contractors.
2. For a new contractor, select Add a contractor or select the existing contractor to add or edit bank info.
3. Select Bank account.
4. As prompted, enter the following:
   • Account Number
   • Account Type
   • Routing Number
   • Account holder Phone Number
   • Account holder Full Name
5. Click Save.

For more details, please see this article: Pay a Contractor with Direct Deposit.

I'm also adding this article for more reference about tracking contractors and their payments in our system:

• Set up contractors and track them for 1099s
• Invite a contractor to add their tax info
   

Let us know if you have more questions about the process of paying a contractor with direct deposit. If you need help with your transactions, feel free to add the details below. We're here to help. 

@paramounteecs 

Another option, signup for a free Melio account to pay your 1099 contractors.

https://affiliates.meliopayments.com/quickbooks

You can get $100 cashback to pay the first bill.

https://affiliates.meliopayments.com/cashback

Then use this app to file your 1099.

https://blue.mbsy.co/6tJhcz