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C
chzshop1
December 17, 2018
Question

direct deposit

  • December 17, 2018
  • 1 reply
  • 5 views

I always do payroll on sunday nights by 7pm ( i can do it sooner if need)  due to my other job work schedule.  Will everything post from our account and the employee accounts by the wednesday after.?  

Example: Payroll check date 12/16/18 will it be withdrawn from our bank on 12/19/2018 and deposit into the employee bank on 12/19/2018?

 

 

1 reply

A
aj4fluentbiz
December 17, 2018

Paychecks should be dated for the day you want the money to post into your employees accounts.  QuickBooks will withdrawal the money from the employer account the day before the pay date.  If you processed on Sunday, December 16th and dated the checks for direct deposit on December 20th the money will be withdrawn from your account on December 19th and deposited into the employees accounts on December 20th.  The deadline for direct deposit processing in the eastern time zone is 8 pm two days prior to the pay date.

C
chzshop1Author
December 19, 2018

how can i get it the withdrawal from our account sooner and deposit to employee sooner and still do checks on Sunday- that is the only day i have to do payroll

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