My payroll check date is Friday December 25, 2020. When do I have to have my payroll submitted to Intuit so that my employees received their direct deposit funds on Friday December 25th?
For your concern @Lupita1, since December 25 is a Federal Holiday, most of the banks will be closed during this day. However, you can process your payroll as early as December 22, 2020, before 5:00 PM PST. This way, you're employee will able to receive their paycheck of the 24th of December.
With regards to your payroll, @Lesley8. If you approve your paychecks before 5:00 PM PST on Wednesday 12/23/2020, we’ll process the direct deposit and debit your account on Thursday 12/24/2020. However, your employees will receive the funds on Monday 12/12/2020 since December 25 is a non-business day.
If you wish to pay your employees before the 25th of December, you can run your payroll before 5:00 PM PST on December 22. This way, your employees will receive their paycheck on the 24th of December.
For more details, you can check out these articles:
I'm just a reply away if you have other questions with the QuickBooks Online Payroll. Just add the details of your concerns in this thread and I'll help you out. Have a great day ahead.
Thanks for the prompt response, @Lesley85.
I'll share some learning about processing payroll in holidays in QuickBooks Desktop.
There's no need to change your payroll settings on your account. Just make sure to choose December 24, 2020, in the Pay Period Ends date and Check Date in running the payroll. For example, if a direct deposit was created on 12/22/2020, Intuit would send payroll on 12/23/2020. Then the amount will post on your employee accounts on 12/24/2020.
You can follow the steps provided by my colleague above on how to process the paycheck. For additional insights, you may visit this article: How do federal holidays affect my direct deposit?
Additionally, please browse through these articles below about direct deposit limits, reverse, and other topics.
Let me know if you need additional assistance by leaving a reply below. I’m always here to help. Take care!
Friday is Christmas and is a bank holiday and so on one will get deposits on that day.
To get the money to the employees by Friday, date your payroll Thursday and send it by Tuesday 5pm.
Thank you for joining the thread, @Davian.
We will credit the employee's pay based on the paycheck date. Since the check date is dated on the 25th, the payroll will be deposited to the employee's account on the next banking day, which is on December 28th.
For additional insights, you may check out these articles:
Don't hesitate to reach out to us again if you need anything else. We're always here to help. Take care!