Skip to main content
June 14, 2023
Question

What funds should be available in the bank? net pay amount? or total payroll amount?

  • June 14, 2023
  • 1 reply
  • 0 views
what funds should be available in the bank? net pay amount? or total payroll amount?

1 reply

June 14, 2023

Hi there ai12-outlook-com,

 

It's vital that all your information is correctly entered for your pay runs to be accurate. QuickBooks Online Payroll is a great tool able to help calculate the pay for your employees based on the hours worked. I can provide some information about direct deposit for payroll.

 

When paying by direct deposit, the net pay for the employees is withdrawn from then employer's bank account, so the total sum of the net pay fo the employees you'd like to pay by a direct deposit needs to be in the account when running payroll.

 

If you have any other questions, feel free to reach out here.