Our academic system rewards people who know a lot of stuff... but at the end of the day who do you want: the person who can figure things out that they've never seen before or the person who can rattle off a bunch of facts?
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
Sorry, only students may add comments.
Click here for more
information on how you can set up an account.
If you are a Visitor, go ahead and post your reply as a
new comment, and we'll move it here for you
once it's approved. Be sure to use the same name and email address.
This thread is now CLOSED. If you wish to comment, start a NEW discussion in
QuickBooks Forum.
