My question is that if I receive an invoice from my contractor Can I pay them right from quickbooks and will QB communicate with the banking institution to send payments? Can I also set-up QB to receive information when a check is deposited?
Yes you can definitely pay bills directly from your QBO account. There is a company called bill.com that integrates with QuickBooks Online so that you can make payments via ACH or check. You can find additional info on how to sign up and pay your bills in the support article that I found on the Intuit website:
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