Setting up Contractors in a Company

Depending on your type of business, like construction, you may need to hire contractors to complete some of the work provided to customers (such as electrical work, landscaping, or plumbing).

Set Up Contractor as Vendor

To set up your contractors, you need to create a vendor record for each contractor, and select the Contractor (Time & Billing) option in each record. When you receive the contractor's invoice, you can allocate the costs to specific projects (an amount or percentage) at the same time as you pay their bill. At the end of the year it is easy to generate T5018 slips to report on amounts paid to your construction contractors.

You can also use time slips to track your contractor time, and then add the tracked time to both sales and purchase invoices.