Hello,
Can you please help me out in setting up this scenario. I have a contracting company that depends on outside subcontractor individuals. Those individual provide services to me and I pay them when ever the job is done. I do sometime services for those subcontractors such as renew their licenses, etc.
Therefore, sometime either they pay me installments or leave some of their money with me to pay the fees for their licenses renewal.
I am not sure how to handle them in Quickbooks. Should I consider them employees, vendors, etc?
How to receive payments (the installments) from them. What should I do when I renew their licenses and pay the fees for them?
For sure the licenses fees are not expense on my business because the fees are mainly paid by the subcontractor.
Can you please shed some light here about how to handle the above scenario?
Thx
OOzy
Can you please help me out in setting up this scenario. I have a contracting company that depends on outside subcontractor individuals. Those individual provide services to me and I pay them when ever the job is done. I do sometime services for those subcontractors such as renew their licenses, etc.
Therefore, sometime either they pay me installments or leave some of their money with me to pay the fees for their licenses renewal.
I am not sure how to handle them in Quickbooks. Should I consider them employees, vendors, etc?
How to receive payments (the installments) from them. What should I do when I renew their licenses and pay the fees for them?
For sure the licenses fees are not expense on my business because the fees are mainly paid by the subcontractor.
Can you please shed some light here about how to handle the above scenario?
Thx
OOzy
