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June 29, 2021
Question

Why are paycheques being deposited after the pay day stated

  • June 29, 2021
  • 1 reply
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1 reply

carolineambrozio
June 29, 2021

Hi @userrediscoverplay19 

 

I am glad to know that you are using the Payroll on QuickBooks Online.

 

When you use direct deposit, be sure to consider processing times when creating and approving cheques.

Any cheques approved after the deadline will be processed the next business day.

Weekends and banking holidays may impact payroll processing times. If they overlap with your usual payday plan ahead so your team is paid on time.

 

Furthermore, Direct deposit funds are only deposited on open banking days (Monday- Friday). Banks have until 5:00 pm local time to post funds into a bank account per NACHA regulations.

 

Hope it helps!