Bank account for payroll

I can help you change our default bank account for payroll, Jantco.

After you've set up your bank and can track it in QuickBooks Desktop, be sure to update the information in the QuickBooks Payroll Account Management Portal. I'll guide you on how: 

1. Select Employees, My Payroll Service, then Accounts/Billing Information.
2. Sign in using your Intuit Account login.
3. Go to the Payroll Info section. Under Direct Deposit Bank Account select Edit.
4. Enter your payroll PIN, then select Continue.
5. Enter your new bank account info, then select Update. When you receive the confirmation message, select Close.

After that, a test transaction appears in your bank statement in 2-3 business days. You'll have to verify it to make sure the test transactions are cleared before you proceed. Otherwise, the bank verification will fail. Here's how:

1. Open QuickBooks Desktop.
2. Select Employees, then My Payroll Service, then Account/Billing Information.
3. Sign in using your Intuit Account login.
4. Go to the Payroll Info section, under Direct Deposit Bank Account select Verify.
5. Enter and confirm your payroll PIN.
6. Select Submit. Once you receive the ‘Your bank account is verified’ message, select Return to QuickBooks.

Now that your bank account is already verified and ready to use with your payroll service, this is the time you change your bank account in your accounting preferences to ensure your payroll transactions and tax payments post to the correct one in your books. Go through this article for more details: Change Your Payroll Bank Account.

In addition to that, learn how you can assign a pay schedule to your employees and process payroll in QuickBooks Desktop. Here's an article that you can check out for our reference: Create And Run Payroll.

Any other concerns or questions about the payroll process, Post your reply down below so we can get back to you anytime. Have a great day!

When I followed your steps, it was already set for the correct account.  When I went back to run my payroll I no longer received an error message, so I have no idea what happened.  At any rate, it works now.  Thanks for your help.

I followed the steps but after hitting Update I do not receive a confirmation message, or any message.   I then close out and the account is not changed.    Why would I not receive a confirmation message?  I am signed in as Admin.

I followed the steps but am not receiving a confirmation message, or any message.  I then closed that window but the account has not been updated.   I am signed in as Admin, why would I not receive a confirmation message?

I appreciate you following the suggested steps by my colleague, @MBurleson. I'm here to ensure you can successfully update your QuickBooks Payroll information. So you can continue changing your payroll bank account.

Before we proceed with troubleshooting steps, it's crucial to double-check all the information in the Payroll Info section. Please ensure all fields are filled in correctly before clicking the Update button.

If the issue remains, I recommend updating your tax table to the latest version to resolve the problem. Keeping the tax table updated with the latest patches and updates can help fix common issues like this and ensure smooth system operation.

Let's start by identifying your tax table version.

Here's how:

1. Check the number next to You are using the tax table version:
2. Verify the latest payroll news and updates to check the correct version.
3. To find more details on your tax table version, select Payroll Update Info.

Next, let's get the latest tax table. Follow these steps:

1. Choose to Download the Entire Update.
2. Select Update. An informational window appears when the download is complete.

In addition, if you need to pay your taxes and forms electronically and run your business finances, you can visit these articles for guidance:

• Pay and file payroll taxes and forms electronically
• Run payroll reports

You can always ask away if you have other concerns or questions regarding updating your payroll bank account in QBO. Need to take care of your entries or file some taxes? You can rely on me to jump in and lend a hand again.