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M
magunnett
November 17, 2021
Question

Payroll with direct deposit

  • November 17, 2021
  • 1 reply
  • 0 views

I use direct deposit payroll with a pay date of Friday.  Why are some of my employees getting their paychecks deposited to their accounts on Thursday?

1 reply

Jen_D
Jen_D
November 17, 2021

I'm delighted to share some insights about your Direct Deposit processing, @magunnett,

 

The check date of the paycheck plays an important role because the system will use that as the posting date of your payroll. This is when the system deposits the money into your employee's account.  Keep in mind, weekends or state or federal holidays will affect your payroll posting too.

 

You also have to know that the employee's individual financial institution policies determine the exact time when direct deposits are posted. But they should receive their direct deposit before 5 PM their local time. Intuit cannot guarantee that direct deposit funds will be available in the employee's bank account earlier or right on the paycheck date. Advise your employees to check with their banks to find out when funds are posted. See When do direct deposits post? for more information.

 

If you need anything else about Direct Deposit, let me know in the comment. I'll be right here to help you with your payroll and all other things in QuickBooks. Have a nice day!

M
magunnettAuthor
November 18, 2021

That really didn't answer my question.  I am putting a pay date of Friday when I create the paychecks and some of my employees paychecks were deposited Thursday afternoon into their account.  This actually was brought to my attention last week when Thursday was a Federal holiday??  Why would quickbooks be depositing the checks early? 

Angelyn_T
Angelyn_T
November 18, 2021

I appreciate you for getting back, @magunnett. I'm stepping into the thread to share additional information about direct deposit payroll.

 

When processing employees' pay through direct deposit, the individual financial institution policies determine the exact time direct deposits are posted on the employees' bank. This means that the receiving bank is one of the factors why some of your employees receive their pay earlier than the pay date. 

 

Your employees can check their banks to find out more about the posting schedule. Otherwise, you may connect with our Support Team to verify the deposit lead time that can also affect the issue.

 

To contact support:

 

  1. Open QuickBooks.
  2. Go to Help, then select QuickBooks Desktop Help.
  3. Select Contact Us.
  4. Enter a brief description of your issue.
  5. Click on Let's talk, and then choose a way to connect with support.

 

I'm adding these links to learn more about the direct deposit lead times and submission:

 

 

Once settled and ready to pay your payroll liabilities, you can check out this article as your reference: E-Pay tax liability payments.

 

Let me know how else I can help you with direct deposit payroll by adding a comment below. I'm more than happy to provide additional assistance. Wishing you a good one!

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