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How holidays impact payroll direct deposit

SOLVEDby QuickBooks32Updated 1 month ago

What is a payroll transmission?

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

When are payroll transmissions due?

The deadline is 2 business days before the cheque date, before 5:00 p.m. PT/8:00 p.m. ET. Federal banking holidays are not considered business days.

What happens if a pay date falls on a weekend or holiday?

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 p.m. PT/8:00 p.m. ET.

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

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