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jantco
Level 4

Bank account for payroll

How do I change the default bank account for payroll?  It is set up correctly in my regular preferences, but not in payroll.

2 Comments 2
MariaSoledadG
QuickBooks Team

Bank account for payroll

I can help you change our default bank account for payroll, Jantco.

 

After you've set up your bank and can track it in QuickBooks Desktop, be sure to update the information in the QuickBooks Payroll Account Management Portal. I'll guide you on how: 

 

  1. Select Employees, My Payroll Service, then Accounts/Billing Information.
  2. Sign in using your Intuit Account login.
  3. Go to the Payroll Info section. Under Direct Deposit Bank Account select Edit.
  4. Enter your payroll PIN, then select Continue.
  5. Enter your new bank account info, then select Update. When you receive the confirmation message, select Close.

 

After that, a test transaction appears in your bank statement in 2-3 business days. You'll have to verify it to make sure the test transactions are cleared before you proceed. Otherwise, the bank verification will fail. Here's how:

 

  1. Open QuickBooks Desktop.
  2. Select Employees, then My Payroll Service, then Account/Billing Information.
  3. Sign in using your Intuit Account login.
  4. Go to the Payroll Info section, under Direct Deposit Bank Account select Verify.
  5. Enter and confirm your payroll PIN.
  6. Select Submit. Once you receive the ‘Your bank account is verified’ message, select Return to QuickBooks.

Now that your bank account is already verified and ready to use with your payroll service, this is the time you change your bank account in your accounting preferences to ensure your payroll transactions and tax payments post to the correct one in your books. Go through this article for more details: Change Your Payroll Bank Account.

 

In addition to that, learn how you can assign a pay schedule to your employees and process payroll in QuickBooks Desktop. Here's an article that you can check out for our reference: Create And Run Payroll.

 

Any other concerns or questions about the payroll process, Post your reply down below so we can get back to you anytime. Have a great day!

jantco
Level 4

Bank account for payroll

When I followed your steps, it was already set for the correct account.  When I went back to run my payroll I no longer received an error message, so I have no idea what happened.  At any rate, it works now.  Thanks for your help.

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