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Print YTD on Vendors checks

Hi guys

I am currently using quickbooks premier 2011,
How to print YTD dollar amount on checks issued to Vendors (not payroll employees)?

Can i customize the checks topirnt this?
I was planing to add y vendors into my payroll, but this will change my 1040/1.

Is there any application that can do this for me?

please help

thanks

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titorober23
Asked:
titorober23
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3 Solutions
 
John HurstBusiness Consultant (Owner)Commented:
The newest version of QuickBooks in Canada offers T4A information reporting (which is the form we need to give to Vendors at year end). T4A is not payroll. So there may be a comparable form for QuickBooks in the US. Look under vendors.  

Also look in the Intuit Marketplace. I found at least one Vendor reporting link there, although it may not fit your needs:

http://workplace.intuit.com/intuit1099efileservice

.... Thinkpads_User
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John HurstBusiness Consultant (Owner)Commented:
By the way (and I should have mentioned this): To the very best of my knowledge, you cannot print YTD on vendor checks.  ... Thinkpads_User
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titorober23Author Commented:
What is i add my contractors as employees, without withholding anything?
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John HurstBusiness Consultant (Owner)Commented:
The world you are talking about is relatively complicated:

1. Employees are employees, so they are easy.
2. Contractors and consultants are usually not employees and, depending on jurisdictions, may or may not be subject to withholding. They may be subject to sales taxes.

Therefore, treating contractors as employees is dicey for two reasons:
(a) You must be certain not to withhold anything.
(b) Worse (in my opinion), QB will want to issue employee year end tax slips (W2 for you?). T4 where I am.

3. Vendors are never employees. Vendors will not welcome receiving employee tax slips.

So there must be a document you issue to vendors and contractors. These are T4A where I am and are *very* different from employee slips.

Now it appears best for me overall if I treat contractors as vendors. Then you would use the same form (??) for contractors and vendors. This is preferrable to treating contractors as employees and provides one document for all non-employees.

Look at the specific link I gave you, look through Marketplace in general, and let us know what that form is that you need to submit to IRS for contractors and vendors.

Finally, note that vendors and contractors who are incorprated likely do not get and certainly do not want IRS information slips. I am incorporated and I run my own show with respect to billing, sales taxes and income taxes.   ... Thinkpads_User
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titorober23Author Commented:
thanks, let me review what i need and post it
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