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QBO Adding Contractor Payments

A Contractor Payments feature is being made available for QuickBooks Online. This option enables customers to pay contractors with direct deposit. 

Inuit says the feature, which can be added to subscriptions at the time of purchase, “will start rolling out soon” and will be available to most accountants by summer. Contractor Payments also means small businesses can pay contractors with same-day direct deposit and complete 1099 efiling at no additional cost Intuit says.

Also by the end of 2021, a stand-alone QBO Payroll option will be available for firm-billed clients to accounts to add payroll for clients who do not have a QBO subscription. Pricing for these clients will be available at the end of June

Intuit says the option will help with clients that only want to run payroll and those who no longer need a QBO subscription.

In addition, Intuit will soon introduce a dashboard in the Clients section of QBO Accountant. The dashboard will provide a view of all client payroll activities.

Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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