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January 14, 2023
Question

When verifying your bank, how long does it usually take for the 1 or 2 small transactions from QB into your account? I've been waiting a while now.

  • January 14, 2023
  • 1 reply
  • 0 views
Not sure how long I should wait to see the transactions before assuming there is an error and I should try to disconnect and set up again.

1 reply

January 16, 2023

Hi info1878,

 

It's great to learn you're using QuickBooks to help manage your payroll. The program offers a versatile payroll module that simplifies the way your staff is paid. I'll be happy to share more info about setting up Direct Deposit. 

 

The test transaction you're referring to takes approximately 2-3 business days to show on your bank account. Once you've received the transaction, you can verify it in QuickBooks by following the steps below: 

 

  1. Click the Gear ⚙️ icon, then Payroll settings.
  2. Navigate to Payroll, then select Direct Deposit.
  3. Click on Verify Test Transaction. (Note: This option will not be available until the test amount has been debited).
  4. Enter the test transaction amount in both boxes (less than $1.00). Enter the pennies only, without a dollar sign. (i.e. .47)
  5. Hit Ok.
  6. After successful verification, you're ready to set up employees!

Here's a link for you reference: How to set up payroll Direct Deposit payroll? 

 

Let me know if this info helps by leaving a comment below. Otherwise, I wish you a prosperous 2023 for you and your business.