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richcova777
Level 1

CHANGE PAYROLL BANK ACCT

 
7 Comments 7
FritzF
Moderator

CHANGE PAYROLL BANK ACCT

Welcome to the Community, @richcova777.

 

Changing bank account for payroll in QuickBooks Online (QBO) is pretty quick. This can be done by going through the payroll settings. Let me show you how:

 

  1. Go to the Gear icon at the top right to get to the Payroll Settings
  2. Select Company under Bank Accounts section. 
  3. Tick the Update button. 
  4. Click the Connect using your routing and account numbers link, then enter the correct bank account information. 
  5. Hit OK, got it to complete.

 

For further guidance about the process. consider checking out this article: Change bank account information.

 

I want to make sure everything is taken care of for you, so please let me know if you have any other issues or concerns. I'm more than happy to assist. Have an amazing rest of the day!

RayanneB
Level 2

CHANGE PAYROLL BANK ACCT

I don't have the screen in Step 2. 

My options are Email Notifications, Shared data, Direct Deposit (which only has financial limits), Printing, and Accounting.

 

Accounting will let me change the register to which payroll posts, but not the bank account.

I am switching banks and need to move my payroll to the new bank.

ReymondO
QuickBooks Team

CHANGE PAYROLL BANK ACCT

Thanks for joining on this thread, @RayanneB.

 

The steps provided above is intended for QuickBook Online users. This is the reason why you have a different user interface in the Payroll Settings. 

 

Base on how you describe the option in your payroll settings, it seems that you're using QuickBooks Online (QBO) for Accountant. No worries, I can still provide you the steps on how you can change to a different bank in QBO for accountant.

 

  1. Go to the Gear icon at the top right to get to the Payroll Settings
  2. Click the Pencil icon in the Direct Deposit section.
  3. Update the bank information and click OK to save.

 

Once done, we'll verify your new account with a test transaction. I've listed things you need to know about test transactions before you get started.

 

  • After changing your bank account information, a test transaction should appear in your bank statement in 2-3 business days.
  • This amount should be a debit and credit of less than $1.00.
  • You can call your bank or check your bank statement online to verify the amount.

 

After making the changes, update your bank account in the export preferences. This ensures the paychecks processed through the new bank account are properly listed in the correct check register.

 

That should do it! Stay in touch with us here in the Community.

robmyers1
Level 1

CHANGE PAYROLL BANK ACCT

I changed the account exactly as you explained but now how to do I get the paychecks to show up in the new bank account register?  It is still showing in the old account register instead.  I thought i could just edit it but it will not let me.  Thanks

Catherine_B
QuickBooks Team

CHANGE PAYROLL BANK ACCT

Hello there, robmyers1.

 

The new bank account will take effect on future transactions. If you created paper checks prior to updating the bank, you'll want to delete and recreate them. However, if the paychecks are created through direct deposit, you can create a Journal Entry so the amounts will transfer to the correct bank. 

 

Here's how to create a Journal entry:

 

  1. Go to the +New button.
  2. Click Journal entry
  3. Enter the correct accounts and amounts posted. 
  4. Click Save and close

Keep me posted if you need anything else. You take care and stay safe!

4324482228
Level 1

CHANGE PAYROLL BANK ACCT

if fixed  the problem

ZackE
Moderator

CHANGE PAYROLL BANK ACCT

Thanks for joining this thread, 4324482228.

 

I'm happy to hear my colleagues were able to help you change your payroll bank account.

 

You'll additionally be able to find many detailed resources about using QuickBooks in our help article archives.

 

Please don't hesitate to send a reply here or create a new thread if there's ever any questions. Have an awesome Thursday!

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