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Level 2

veterans day direct deposit

I am processing payroll using direct deposit for the very first time next week, so I have not encountered this before:

There was a message about having to send payroll by Tuesday 11/10/20 if we want our employees with Direct Deposit to be paid on Friday 11/13/20.  The problem for us, which is very unlike most employers, is that we usually run payroll on Wednesdays, and it is for work days of the previous 7 days.  So next week we would normally process payroll on Wednesday 11/11/20 for work week Wednesday 11/04/20 thru Tuesday 11/10/20.  The problem with that is that we won't be able to process our payroll on Tuesday the 10th if we don't know our employees' hours until Tuesday the 10th at the end of the day.  (Most employers pay for hours through the previous Friday giving them a 2 day cushion.)  

What are my options?  Just run paper checks instead?

4 Comments
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QuickBooks Team

veterans day direct deposit

Welcome aboard to the Community, jdolan14.


I appreciate the detailed information. It gives me a better picture of the issue.


Based on the scenario, you can temporarily turn off the direct deposit. Then, pay your employees through paper checks.


Here’s how:

 

  1. In the Preview Paycheck screen, unmark the box for Use Direct Deposit.direct deposit.png
  2. Then, fill in the fields to continue running payroll.
  3. Once done, click Save & Next.

Perform the same steps for the remaining employees’ you’re trying to pay. For more insights into this process, check out this article: Change a direct deposit paycheck to a regular paycheck in QuickBooks Desktop Payroll.


After the holiday, you can start submitting payroll automatically. Make sure to tick the box for Use Direct Deposit in the Preview Paycheck window.


Additionally, the following guides cover all the details on how QuickBooks handles federal holidays.

 

Please let me know if there's any other way I can be of assistance. As always, I'm just a few clicks away for help. Enjoy the rest of the day.

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QuickBooks Team

veterans day direct deposit

Hello there, jdolan14.


It’s my priority that you can process payroll for your employees. We’re you able to follow the steps I shared on how to temporarily turn off the direct deposit?


Feel free to visit the Community if you have concerns or questions about QuickBooks. I’ll get back to make sure you’re taken care of.

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Level 1

veterans day direct deposit

Unfortunately I didn't realize this until after I submitted.  Can you undo Payroll Direct Deposit after you send it to Intuit and do a paper check?  

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QuickBooks Team

veterans day direct deposit

Hi there, direct deposit password. 

 

Thanks for dropping by the Community, I'm happy to help you out. You can request a direct deposit reversal 5 business days from the pay date, also it's important to note that there's a $75 charge with a reversal request, even if you don't get the money back. I would recommend checking out this article for all the details about reversing a direct deposit. It mentions when you can request a reversal, How to make one, what to expect next and much more. Here are the actual steps for the process:

  1. Open the Direct Deposit Reversal form.
  2. Select New Request.
  3. Complete the required information and transaction information.
  4. Select Save.
  5. Once the reversal is approved (see the next section for details), you can void the paycheck in your payroll records.

If you have any other questions, feel free to post here anytime. Thank you and have a lovely day. 

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