Level 1

Setting Up Direct Deposit to Employees direct through bank

I found some instructions online in order to set up a "Bank Direct Deposit" deduction of 100% of Net Pay which goes directly into "Direct Deposit Liabilities", however we're trying to figure out how to pay these liabilities as EFTs directly to employees. I expect we have to set up the employee information as payee's with the bank.

Is there an easier way to create a payroll clearing account to export a report which we can then upload to TD Online Banking for direct deposits? I'm not sold on Telpay being the ONLY option.

I'm using Quickbooks Premier+Payroll 2016 (Canada)

Solved