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February 1, 2023
Question

QBO withdrew and refunded my books but not my bank. Where is the money.

  • February 1, 2023
  • 1 reply
  • 0 views
Taxes on a paper check that was cancelled.  But funds were withdrawn. But not returned to my bank. But QBO shows reversal.

1 reply

MichelleBh
February 1, 2023

Thanks for informing us, userscott. We will ensure this is addressed immediately.

 

I'll provide some information regarding the QuickBooks reversal process to assist you accordingly. 

 

You have 5 business days from the payment date to request a direct deposit reversal. Please keep in mind that there is no guarantee that the money will be returned. There is also a $75 fee even if the reversal is unsuccessful.

 

Your request will also be reviewed, and you will be notified whether it is accepted or rejected. The outcome may take up to 9 banking days to arrive. If the employee or contractor requires additional funds in their bank account to cover the direct deposit amount, the reversal will be denied, and no money will be returned.

 

For more details, see this link: Reverse a direct deposit in QuickBooks

 

In addition, you can contact our Payroll support specialist to help you track the reversal status and the funds. Ensure to reach them within business hours for a swift response. 

 

  1. Go to the Help menu and click Contact Us
  2. Enter your concern and select Let's talk.
  3. Choose a way to connect with us and complete the required information. 
  4. Follow the on-screen instructions. 

 

Check out the following articles for information on how to organize taxes and resolve direct deposit issues in QuickBooks:

 

 

Leave a remark below if there's anything else I can do for you. I'll be around to help out. Keep safe.