Managing vendor lists in QuickBooks Online

A vendor is an individual or a business that you pay. Vendors can be 1099 contractors, utility companies, or businesses you purchase products from. Similar to customers, you can keep track of all vendor information, such as the company’s address, telephone number, email address, and federal tax ID number for 1099 reporting. 1099 reporting is required for contractors that you have paid $600 or more to within a calendar year.

In this section, we will show you how to add new vendors, edit existing vendors, inactivate vendors, and merge vendors in QuickBooks.

Manually adding vendors in QuickBooks Online

To add new vendors to QBO, you need to have each vendor’s contact details. This includes a business telephone number, remit to address, email address, and tax ID number (or social security number) for 1099 vendors. You can also enter the payment terms your vendor has extended to you. Entering these payment terms will...