Hi, slofo1.
I'll make sure that you can process guaranteed payments.
Yes, You can use direct deposit in paying vendors and independent contractors. Before you can do that you'll need to set up your vendor's direct deposit.
Here's how:
1. Open your Quickbooks Desktop account.
2. Go to Vendor Center.
3. Double-click the vendor you want to make a direct deposit.
4. Select the Additional Info tab and click the Direct Deposit button.
5. Click the Use Direct Deposit for (Vendor Name) box, and enter the bank information.
6. Select Send confirmation direct deposits to [email address] if you'd like to send an email.
They will send you 2 days before payment will arrive. Included email:
- Your company name
- The amount of payment
- The date the payment will arrive in the independent contractor's bank account (the date shown on the independent contractor's check in the check register)
- The last four digits of the independent contractor bank account number. Note: If you don’t see an email address or the email address is incorrect, you can add or update the email address by selecting the Address Info tab.
7. Enter the pin
Once done, you can now process a direct deposit for a vendor.
You can check this article that will help on how to Pay bills for vendors through Direct Deposit.
I've also included this article in managing direct deposit: Get help if you’re over a direct deposit limit.
Don't hesitate to reply to this thread if you have additional questions about vendors' direct deposits. I'm one post away. Have a good one.
