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Kellyuf87
May 12, 2022
Question

Replace uncleared paycheck with new checking account

  • May 12, 2022
  • 1 reply
  • 0 views

I issued paychecks on my existing checking account, but before 2 employees deposited the checks the account was compromised had to be closed.  Now I have 2 paychecks issued on the old account that I need to replace on the new account.  Not sure how to do that!

1 reply

C
ChristineJoieR
May 12, 2022

Good day, @Kellyuf87.

 

I'm here to assist you with how to void a paycheck issued from your old account in QuickBooks Online.

 

You can either erase the transaction or replicate it using the correct bank account. Once a paycheck is saved or made, there is no way to change the bank. 

 

Here's how:

 

  1. Go to the Employee Center and click on the Void Paycheck.
  2. Select the paycheck you want to delete.
  3. In the upper section, click the Delete button.
  4. And hit OK.

 

Furthermore, if you decide to nullify a paycheck after it has been processed, here are the things to consider: 

 

  • In the same quarter, tax funds will be allocated to future payrolls (as long as the void is filled before Intuit has made the tax deposits).
  • Tax funds may be repaid by the taxing agency or kept for the next quarter's payroll if the paycheck is on the last payroll of the quarter.
  • Once direct deposits have been made, they cannot be halted. If your request fits within the Intuit Guidelines, you can request a direct deposit reversal. Additional information can be found in the article Reverse a Direct Deposit.
  • If you void and recreate a paycheck that an employee has already cashed, you must do it with the original check date; keep in mind that this may result in back-dating fines.
  • If the vacancy is for a salary from the previous year, in a prior quarter, you will need amendments for all quarters affected.

 

Feel free to visit this article for more information about voiding, canceling, or recalling an assisted payroll check in QuickBooks Desktop.

 

Additionally, you can also establish a default account for your next payroll processing.

 

Here's how:

 

  1. Go to the menu and click Edit.
  2. Select the Preferences and choose the Checking tab.
  3. Open the company preferences, then tick the dropdown arrow from the Open the create paycheck and Open the Payroll Liabilities. And choose which account you'll want to use. 

 

That's it, Joining hands. Please let me know if you require any other assistance. Take care!

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