I am using the Enhanced Payroll Service and Direct Deposit Payroll is verified.
Yesterday I entered in the payroll info/amounts for each employee. The payroll was processed to be drafted from my checking account on 01/18/19. I received a confirmation that the payroll info was sent to Intuit.
I can see in my checking register each individual employees name listed in my check register. However, every single check amount is zero. Also, there is the lightning bolt next to each payment suggesting that the checks have already cleared my account.
I have no idea what has happened or what to do. I am a new business owner and the last thing I want to do is mess up my first Direct Deposit payroll.
I looked more closely at my checking account register. I can see that there is one entry which is the same as the payroll net liability which is listed right before the employee checks. At least I know that the amount is already deducted from my checking account balance so when I look at the balance I don't have to wonder exactly what will be debited as it already has been.
Let me help share some information about Direct Deposit paychecks in your QuickBooks bank register.
When sending Direct Deposit payroll to Intuit, QuickBooks Payroll Liability check is auto-generated and posted to your bank register by the payroll system. You don't need to mark each direct deposit as cleared manually in the register. The checks are showing the amount $0 in the check register window to avoid duplicating the amount of debit that is included on the QuickBooks Payroll Service liability check. Because the amount on each Direct Deposit paycheck shows zero, QuickBooks automatically show this as a cleared transaction.