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bsurprenant
Level 1

I usually submit payroll on Wednesday for my Thursday paydate. This week the bank is closed on Wednesday. Does that mean I need to submit on Tuesday?

 
1 Comment 1
JenoP
Moderator

I usually submit payroll on Wednesday for my Thursday paydate. This week the bank is closed on Wednesday. Does that mean I need to submit on Tuesday?

I'd be glad to help with your question about Direct Deposit, bsurprenant.

 

Yes, you'll need to send your paychecks a day earlier if there's a banking holiday in between processing lead time. This is to give us and the bank enough days to process the transaction and deposit the payment to your employee's bank.

 

Let me share these articles about this for more details: 

 

You'll also want to run a payroll report after processing paychecks. This will give you a quick review of all the payroll transactions that you have. Here's an article as a guide: Run Payroll Reports.

 

You can always count on us anytime you have any other questions when working in QBO.

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