Yes, QuickBooks Online Payroll will continue to process payroll as usual, qg66trent. Let's go through some important points to ensure everything runs smoothly.
If you pay employees via direct deposit, holidays can impact your paydays and the timing of your payroll submissions. Remember, weekends and federal holidays are non-banking days, so it's crucial to plan accordingly to ensure you pay your employees on time.
If you're using QuickBooks Online Payroll Core, you may have either a 1-day lead time or a 5-day lead time. If payday falls the day after a holiday, send your payroll one business day earlier than usual. This will ensure the funds are withdrawn from your account before banking hours on the next banking day.
On the other hand, if you're using QuickBooks Online Payroll Premium or Elite, you can access same-day direct deposit if you approve your paychecks by 7:00 AM PT on the day before the holiday.
In case you've missed the cutoff time, you always have the option to pay your employees on time with paper checks.
I've got some handy articles for more in-depth insights on how payroll is affected by federal holidays:
Looking ahead, you might find this article helpful for future reference when generating payroll reports: Run payroll reports.
I appreciate your proactive approach to ensuring everything runs smoothly during the holiday period, qg66trent. If you have any further questions or need more information about payroll processing with QuickBooks, please feel free to let me know in the comments. I'm here to ensure you have all the details you need for a stress-free holiday period. Keep safe!
