I ran my first payroll and noticed that qbo calculated the payroll taxes but they were not deducted from the bank account when the paycheck was. When will qbo withdraw?

I’m glad to know that you have successfully run your first payroll, kathryn-skinserv.

I understand how important it is for your business for QuickBooks Online (QBO) to deduct payroll taxes and paychecks at the same time. This enables you to easily track them in your account. Allow me to share some information about tax payment processing times.

When you activate your E-services, make sure to submit your tax payments and filings two, three, or five days before the due date (known as a lead time). That’s why the payroll service didn’t deduct your payroll taxes.

If you’re unable to send them on time, taxes may be late. Thus, penalties and interest may apply. Or, you may not be able to submit them through payroll (SUI). Let me share the processing time for each tax payment type:

ACH Debit:

• Intuit sends the tax payment information to the agency, then the agency withdraws the money from the customer’s payroll bank account.
• Funds are usually withdrawn on the payment date, but the agency may withdraw them at any time.
• If a customer NSFs, they owe the agency. Intuit may or may not be notified.

ACH Credit:

• Intuit pays the agency on the customer's behalf, then withdraws the money from the customer’s payroll bank account to recover the funds.
• Funds are usually withdrawn one day after the payment was submitted.
• If a customer NSFs, they owe Intuit. Customers are always notified.
• Funds are usually withdrawn on the payment date, but the agency may withdraw them at any time.
• If a customer NSFs, they owe the agency. Intuit may or may not be notified.

For additional resources, these articles cover all the details about the processing time for federal and tax payments, as well as filing your payroll forms: 

• Manage automatic tax payments and form
• Pay and file payroll taxes and forms

You can also look through our online articles to help you get started on your payroll tasks right away. From there, you'll find topics such as taxes, employee records management, and handling payroll forms, to name a few.

Reach out to me again if you have other payroll-related concerns or questions about QuickBooks. I'm always willing to assist you in making your business run smoothly. Have a wonderful weekend.