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September 20, 2024
Question

Late payroll deposit

  • September 20, 2024
  • 1 reply
  • 0 views

My employer made direct deposit for payroll at 751pm cst.. On Thursday my payday is Friday. I also use varo will the money be sent to my bank on friday?

1 reply

September 20, 2024

Welcome to the Community, @Natasha T. I can share detailed information on how direct deposit works in QuickBooks Desktop Payroll.

 

In QuickBooks Desktop Payroll, the timing of your direct deposit depends on the lead time set by your payroll service. Generally, for a Friday payday, payroll should be submitted by Thursday before 5:00 PM PT (7:00 PM CST) for next-day deposits. Since your employer deposited at 7:51 PM CST on Thursday, it might be processed on the next business day, which could delay the deposit to your Varo account until Monday.

 

However, some banks process deposits faster, so there’s still a chance you might see the funds on Friday. It’s best to check with Varo for their specific processing times.

 

For more information, you can visit this article: When to send your direct deposit payroll.

 

Additionally, you can visit this article for future help that helps you track and manage employee wages, taxes, and deductions, ensuring accurate and compliant payroll processing in QuickBooks Desktop Payroll: Run payroll reports.

 

If you have any concerns about direct deposit in QuickBooks Desktop Payroll, please don't hesitate to contact us. Stay safe.