QuickBooks HelpQuickBooksHelpIntuit

How do holidays impact payroll direct deposit?

SOLVEDby QuickBooksQuickBooks Online23Updated 3 weeks ago

When are payroll transmissions due?

A payroll transmission occurs when direct deposits (paycheques) are sent to Intuit to be processed.

The deadline is two business days before the cheque date, before 5:00 pm PT/8:00 pm ET. Federal banking holidays are not considered business days.

If your pay date falls on a weekend or holiday, approve the direct deposit payroll early enough that employees will receive their net pay on the last business day before the weekend or holiday.

For example, if your pay date falls on a holiday Friday and you want employees to receive their pay on Thursday, approve payroll by Tuesday at 5:00 pm PT/8:00 pm ET.

If you approve payroll after that time, employees will likely receive their pay on the next business day.

Was this helpful?

You must sign in to vote, reply, or post
QuickBooks Online AdvancedQuickBooks Online EssentialsQuickBooks Online Payroll StandardQuickBooks Online PlusQuickBooks Online Simple Start

Sign in for the best experience

Ask questions, get answers, and join our large community of QuickBooks users.

More like this