I appreciate your efforts in updating your bank information, MKJ. Since your new bank account is verified and showing as active, the next step is to update your accounting preferences in QuickBooks.
This process will ensure that your payroll transactions and tax payments are drawn from the correct account and recorded accurately.
Here's how:
- Go to the Employees menu, then select Send Payroll Data.
- In the Send/Receive window, choose Preferences.
- In the Account Preferences section, select your new bank account from the dropdown menu.
- Click OK to save your changes.
- Select Close on the Send/Receive Data window.
Now, let's update the default bank account for your QuickBooks Payroll Service liability check:
- Go to Employees and then select Send Payroll Data.
- Click on Preferences to open the Payroll Service Accounts window and choose your new bank account from the Pay Payroll Liabilities dropdown.
- Click OK, then hit Send and enter your Payroll PIN.
For more detailed guidance, you can refer to this article: Change your payroll bank account.
Once you have completed the steps outlined above, you can proceed with processing and submitting your payroll.
If you have any further questions, let us know below. We're here to assist you.