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bookkeeper-peori
Level 1

If all employees are salary and direct deposit, is there any issues with processing payroll early but have it wait to do the deposits?

This is my first payroll with Quickbooks online so I am not sure of the timing of everything.
Solved
Best answer October 02, 2020

Best Answers
john-pero
Community Champion

If all employees are salary and direct deposit, is there any issues with processing payroll early but have it wait to do the deposits?

You run a payroll schedule with a projected pay date and no matter when, as long as you submit by 5 pm PST 2 business days prior then the pay will de deducted from your account 1 day before payday and DD will happen on payday.

 

If you are just running payroll today then your employees will not see their DD until next Tuesday so you may want to issue paper checks today and plan on running payroll every Wednesday for a Friday payday 

View solution in original post

1 Comment 1
john-pero
Community Champion

If all employees are salary and direct deposit, is there any issues with processing payroll early but have it wait to do the deposits?

You run a payroll schedule with a projected pay date and no matter when, as long as you submit by 5 pm PST 2 business days prior then the pay will de deducted from your account 1 day before payday and DD will happen on payday.

 

If you are just running payroll today then your employees will not see their DD until next Tuesday so you may want to issue paper checks today and plan on running payroll every Wednesday for a Friday payday 

View solution in original post

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