Hey there, @wendy42.
Yes, there is a lead time for the direct deposit process in QuickBooks Online (QBO). This depends on what payroll products you're using with. If you're not sure which payroll service you have, here's how you can find it: Which payroll service do I have?
For QBO Payroll Enhanced and Core versions, you may have a 1-day lead time or a 5-day lead time.
In a 1-day lead time, you need to submit your payroll before 5:00 PM PST 1 business day prior to payday. Once you submit the payroll, you can still void or add paychecks up to 4:59 PM PST that day. After 5:00 PM, payroll begins processing and cannot be stopped.
On the other hand, a 5-day lead time means you need to submit your payroll before 5:00 PM PST, 5 business days before payday. If payday is on a Friday, you’ll need to submit payroll the Friday before payday.
After you submit your payroll, your money will draw from your account that day. Then, your employees will see the money on payday.
For QBO Payroll Full Service, Premium, and Elite, you may have same-day direct deposit or a 5-day lead time. For more details, you can check out this article: Understanding lead times and your payroll submission days.
After running your payroll, you can also check your payroll reports to review your liabilities in QuickBooks before paying your taxes.
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.
