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Direct Deposit - multiple bank accounts

Forum|Forum|8 years ago
January 24, 2018
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I had a contractor of ours ask if we have the ability to set up more than one direct deposit amount when paying him? So essentially he'd like two direct deposit accounts set up with a percentage of his pay check depositing to one and the balance depositing to the other.
Is there a way to do this?

Best answer by lynda11_2

To add further "fun" to this - since I have many months of accepting and reconciling the parts versus the whole (2 small trx versus one large payroll check) - can I simple manually "unreconcile" the small trx - exclude - then add the whole transaction to the register - what will this do to my bank rec? I can experiment with one month and see......any thoughts? Perhaps I need to match the large to the 2 small before I exclude the 2 small.

Michelle

Dear @mmwilkes:

Yes, you have the steps down pat! You do not have to undo anything. Just remove the 2 small ones and reconcile the one (that equals the two). I have a blog post coming tomorrow morning that will show you how to do this. I am giving you a sneak preview as the post won't be up till tomorrow morning. But I think it will be helpful in your journey of removing the bank feed transactions an re-reconciling the one combined one to clear your bank balance and remove the duplications. Enjoy!

If you need more help, feel free to ask more questions.

Lynda

SarahGonzales

Yes, you have the ability to do that in Intuit Payroll. You'll have him fill out a direct depoist authorization form and he can provide two bank accounts to split the payment. In Payroll when you set up Direct Deposit you have the option to deposit all the check into one account, into two accounts, or do a partial DD with the balance as a check.

V

Vryan5209

What are the steps in setting this up?

C

CGarman

This should help although step 2 should say "Click on the Workers tab." And there should be a sub step under this to click on the Contractors heading.

https://community.intuit.com/articles/1654948-pay-contractors-through-direct-deposit

Note: You can send payments to a contractor's checking or a savings account — you cannot split a direct deposit transaction into two accounts.