How to pay contractors with direct deposit in QuickBooks Online

Skip the hassle of paper checks and make managing your team easier with QuickBooks Payroll: quickbooks.intuit.com/payroll...
QuickBooks helps you pay your contractors electronically with direct deposit. You can either sign up for QuickBooks Payroll, and pay both contractors and employees, or sign up for an option to only pay contractors with direct deposit.
Let’s go over how to set up direct deposit and the steps to pay your contractors in QuickBooks.
0:00 - Intro
0:30 Convert a vendor to a contractor
1:05 Sign up for contractor direct deposit payments
1:35 Connect your bank account for direct deposit
2:58 Add bank info for your contractors
3:32 Pay contractors with direct deposit
We have over 100 step-by-step tutorials to help you learn QuickBooks inside and out. Browse our entire library by topic:
All Trainings - intuit.me/2V3g3mI
Getting Started - intuit.me/3zcYyzg
Online Settings - intuit.me/2VTZSZs
Account Services - intuit.me/3kzFnf2
Sales and Invoicing - intuit.me/3rpUo4h
Expenses - intuit.me/3itWLz7
Sales Tax - intuit.me/3ruXILF
Setting Up Payroll - intuit.me/2VU2XZw
Cash Flow: intuit.me/2UTC9YZ
Inventory - intuit.me/3xTzPzZ
Apps: intuit.me/36OvfqB
Accounting Topics - intuit.me/36OifkR
Reporting - intuit.me/3eEtoZQ
QBO Advanced - intuit.me/3rpqzkz
QuickBooks Commerce - intuit.me/3g0bxNL
QuickBooks Time: intuit.me/3scqhxE
Subscribe to our CZcams channel: intuit.me/3bOj0M2
Visit QuickBooks.com: intuit.me/QBO
The world’s largest workforce works for themselves. We work for them by providing smarter business tools. QuickBooks #BackingYou.
#QuickBooks

[@christopherhenry3194]

Can you do this in QBO in Canada with the T4A or 5018 slips? I can see the option for them in suppliers, but I do not see the option to add "contractors" under the payroll module

[@quickbooks]

Hi Christopher. Great question! At this time, paying contractors with direct deposit is only available in the US version of QuickBooks. However, you can record your payment manually with a Direct Debit or E-Transfer Payment method after you've paid outside of QuickBooks. Here's how: (quickbooks.intuit.com/learn-support/en-ca/employees-payroll/can-i-pay-a-supplier-via-direct-deposit-using-qb-online/00/1254900). Wishing you all the best in your business endeavors. -Karey

[@GK-bt6dn]

Hi! Is there any additional BANK fees for a direct deposit?? QBO fee is $15/month, I just want to find out if there is any additional hiding fees. Thanks.

[@quickbooks]

Hey there. Thanks for your interest in direct deposit with QuickBooks. You can see our contract pricing directly on our website here: quickbooks.intuit.com/payroll/contractor-payments/#pricing. All the best. -Kyle

[@Alight_onahill]

Where it says to select name of account paid from. Mines always gets stuck and won’t allow me to, then I cannot process the payment. Despite the account is already chosen in the line above. It has happened several times and very inconvenient.

[@quickbooks]

Thanks for bringing this to my attention. If you haven't done so already, I encourage you to clear your browser's cache and cookies the next time this happens. Should that not help, the Support team is at the ready to help you. Just visit quickbooks.intuit.com/learn-support/en-us/help-article/account-management/quickbooks-online-support/L6WqNrDq0_US_en_US to learn how to reach them.

[@kathy7095]

Can we make contractor payments recurring? It's hard keeping up manually.

[@rob-qy6jg]

Find the transaction in your bank register and click on it. then click edit. then at the bottom you will see "make recurring". enter the start date and frequency and you are all set.

[@quickbooks]

I'm happy to guide you on how to create an automatic recurring payment to a vendor. Here's how:
1. Tap the Gear icon (⚙) and choose Recurring Transactions below Lists.
2. Click on New and choose either Bill or Check and then select OK.
3. Create a Template name.
4. Set Scheduled as the Type. This will create a series of transactions according to the schedule you set. When you choose to send it via email, it'll be sent automatically.
5. Add all the necessary information.
6. Select Save template once you're done
You can check the following article for further guidance on how to create recurring transactions in QuickBooks Online: quickbooks.intuit.com/learn-support/en-us/configure-products/create-recurring-transactions-in-quickbooks-online/01/186472#M199
Just in case, here's an article on how to edit the scheduled transaction and check if it ran successfully: quickbooks.intuit.com/learn-support/en-us/memorize-transactions/check-your-scheduled-transactions/00/185445
Hope this helps.

[@shanesmith4970]

If you are a contractor and have been paying people as 1099. Do not go to payroll unless you really need it. Don’t let them sell you on the discount to try it. You cannot go back to contractor deposits from payroll.

[@nickgoesvestmode]

Are there transaction fees?

[@quickbooks]

Hey there, Curtis. There are fees when it comes to paying contractors and you can see all of them directly on our website. Here's the link: quickbooks.intuit.com/payroll/contractor-payments/#pricing. I hope you have a wonderful rest of your day! -Kyle