I can shed some light on that topic, coastalinc.
When recording a payment made through a third-party payment, it's generally a good practice to input the payment method as it appears on your bank statement. Using the specific account name helps distinguish between different sources and maintain consistency in your financial records, making it easier to track your transactions.
Regarding your second question, labor services provided by a subcontractor are not for wages or taxes. To be guided with the categorization, I recommend consulting an accountant professional. They can help you choose the best category that represents the type of service they rendered.
Moreover, payments made to vendors through credit cards, debit cards, or third-party systems like Cash App are not included in the 1099-MISC/NEC calculations. Your financial institution will be the one to report them for you.
Finally, we have carefully selected a collection of articles to aid users efficiently manage their vendors and expenses. Our Digital Resource Center covers various topics, such as entering bills, writing checks, managing inventories, and cash flow management.
I'm still here if you need a hand in accomplishing your other QuickBooks Online tasks. Assistance is just a comment away. Take and have a good one!
