Thank you for joining the thread. Let me help you process guaranteed payments in QuickBooks Online (QBO), jbe741.

We can use direct deposit if you need to pay guaranteed payments to your vendors and independent contractors. We'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. Then, invite your contractor to provide their W-9 business and bank account information to you. Your contractors will be invited to create a QuickBooks Self-Employed account, where they can manage their contractor profile and track payments received. Or follow the steps below to add the account info yourself:

1. Open the Vendor Center.
2. Double-click the vendor you wish add the direct deposit to.
3. Select the Additional Info tab and select the Direct Deposit button.
4. Tap the Use Direct Deposit for: [Vendor Name] box, and enter the bank info. 
5. Choose Send confirmation direct deposits to [email address] if you'd like a payment confirmation. Intuit will send an email to the email address entered two days before payment will arrive in the independent contractor's bank account. Included in the 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. 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.
6. Enter your direct deposit pin when prompted.

You can check out this article to learn more about paying bills through Direct Deposit: Pay bills from vendors through Direct Deposit. 

We can also record a guaranteed payment with a check transaction. Just follow the steps and details provided by Ryan_M on this thread. Feel free to visit our Expenses and vendors page for more insights about managing your vendor's transactions.

I'd like to know how you get on after trying the steps or if you are referring to something else. I want to ensure this is resolved for you. Just reply to this post and I'll get back to you. Take care always.