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April 5, 2022
Question

When does a deposit hit time wise if it's paid today?

  • April 5, 2022
  • 1 reply
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If my deposit was suppose to to go to my account today what time approximately will that happen?

1 reply

April 5, 2022

Hello, jeribyrd5-gmail-. 

 

Ensuring your employees receive their payments on time is my priority. Allow me to provide you with some details about the processing timelines for QuickBooks Online. 

 

In QuickBooks, the cut-off time to submit your payroll is 5 PM PT, at least two banking days before the paycheck date. Paychecks submitted after the cut-off time will be processed on the next banking day and paid two banking days after that. 

 

You can check this article for more information: When do I need to submit payroll to pay employees on time?  

 

However, If you referring to a payments to deposit, we deposit your funds within five business days after your first payment. Your first deposits take a bit longer while we set up your merchant account. After we're done, your payments will deposit quicker, typically within two business days.

 

Please don’t hesitate to get back to me here in the Community if you have other questions in QuickBooks. I’m always here to help. Take care!