Can you have two bank accounts for direct deposit of payroll for two business doing business under one EIN

QB really should allow the option to pay out of 2 separate accounts for payroll. We pay our 1099 employees out of a separate account than the W2 employees and it is inconvenient not to have the option to keep those separated as both types of employees want direct deposit as an option.

Thank you for raising this concern, Capstone1818.

A suggestion like this helps us determine what enhancements and improvements are needed to make our product more effective and convenient to use. Enhancements to QuickBooks functionalities are largely the results of feedback provided by users, such as yourself.

I understand that there are some features from different programs that aren't in QuickBooks. Please know that we're taking notes of your feedback and suggestion to consider adding it in the future.

For now, you can directly send feedback to our product engineers by going to the Gear icon, then selecting Feedback. This way, they can review your suggestion and consider it based on the number of requests and its impact on the product.

I'm adding this article to guide you in setting up direct deposit for employees: Set up direct deposit for employees.

If you have additional questions about direct deposit, I'm always around to help you. You can click the Reply button below.

I second his request. We need this feature for our business also. 

We operate under two payroll numbers and need to be able to run this through one company so that we can generate correct reports for the government.  Right now I have to use two separate companies to accurately generate T4s, ROEs etc.  

Hello, Snoozie1.

I appreciate your time in sharing your thoughts about your current method in handling two payroll bank accounts for your company. 

As pointed out by my colleague, we can only use a single bank account for direct deposit payroll. Although, having the ability to handle two bank accounts in a single company file would definitely save some time, and ensure your data is tracked and kept in a single source. 

If you haven't done it yet, we'll want to send feedback directly to our developers regarding the ability to use two bank accounts for direct deposit.

Click on the Help menu, hover on Send Feedback Online, then select Product Suggestions.

Our developers will read through your inputs and might bring them up for future enhancements. 

In the meantime, we can continue using two separate companies in the meantime to handle your payroll-related tasks. If a manual payroll is an option, we could also follow the workaround shared by RCV.

I see that you've mentioned something about those T4 and ROE forms. We also have a dedicated Community forum for Canadian users.

Click this link if you want to ask questions regarding the Canadian version of QuickBooks Desktop: Canadian Community link. 

If you need some information about the current tax table, you can check this article: QuickBooks Desktop Tax Table Information.

You're still welcome to ask here if you have concerns about managing your payroll. Need a guide or two in handling transactions? Let me know the details and I'll help you out. 

How are you doing this?  are you manually switching between accounts?  I want to run payroll auto from one account  and then use the other account to do direct deposit payments to contractors.

I think QuickBooks allows only one bank account for direct deposits. So, you will have to manage how you want to handle this.

I hope you are doing well, Young3301. 

I fully recognize the importance of having the option to streamline payroll processes by running payroll automatically from one account and using another account specifically for direct deposit payments to contractors. However, QuickBooks Desktop currently limits users to associating only one bank account with the direct deposit function when running payroll. 
 

I understand this limitation may be challenging for businesses like yours, requiring the flexibility of utilizing multiple bank accounts for different purposes. By allowing the option to designate other bank accounts for direct deposit, QuickBooks can better accommodate the diverse needs of its users, allowing you to streamline your financial operations more effectively.
 

With that said, I suggest sending feedback to our Product Engineering team. Our team is continuously working towards improving our services and adding more features for our users. This enhancement would greatly benefit QuickBooks users and enhance the overall user experience.

To submit Feedback for QuickBooks Online, here's how: 
 

1. Click on the Help menu.
2. Choose Send Feedback Online.
3. Tap Product Suggestions.

Additionally, you can follow my colleague's RCV-shared steps above as an alternative workaround to run payroll in QuickBooks. 

I'm adding these articles that will guide you in paying your contractors using direct deposit and help you prepare and file taxes in QuickBooks:

• Pay a contractor with a direct deposit
• Prepare and file 1099s using QuickBooks Desktop

I'm here to assist you every step of the way. If you have any further questions or concerns running payroll using direct deposit, please don't hesitate to let me know. Have a great day, and stay safe!