The direct deposit feature in QuickBooks is a great alternative to the paper check method to enumerate employees. In addition to saving time, money, and effort from the user end, it also reduces the risk of fraud and theft by encrypting the business’s bank details which are often displayed openly on a paper check. Through direct deposit, the employees get their wages on the payday itself, and it also eliminates the need for storing copies of forms, files, and records of payroll in filing cabinets. With so many features at the bay, you might as well setup QuickBooks Payroll Direct Deposit today by following the blog till the end.
If you face any errors while trying to set up QuickBooks Payroll Direct Deposit through the steps below, feel free to ask for assistance by calling on the Asquare Cloud Hosting Helpline Number anytime.
There are some basic requirements for signing up for direct deposit in QuickBooks. Before you go on to activate QuickBooks payroll direct deposit, you need to fulfil these requirements.
You can setup QuickBooks Payroll Deposit by following the steps mentioned below.
The QuickBooks Desktop payroll direct deposit service uses your payroll account to pay to your employees. So, in the first step, we will connect your payroll checking account with the direct deposit service from QuickBooks.
Important: If the Get Started button is not available, then follow the steps mentioned below.
The instructions mentioned below are meant only for those users who only signed up for QB direct deposit in the previous step. You need to verify your bank account to fully connect it with QuickBooks direct deposit service.
Finally, you need to enter the information in QuickBooks referenced from the Direct Deposit Authorization forms of your employees. The form itself is for your company’s records only and there’s no need to file it in QuickBooks.
At the end of our informative blog on the explanatory process to setup QuickBooks Payroll direct deposit, we would like to provide an easy and time-efficient way to get quick answers to your QB related-queries in the future. If you still need some explanation for questions that we failed to mention in the blog, feel free to dial the Asquare Cloud Hosting Helpline Number and get immediate assistance from a QB expert.
The service sign-up itself is free of cost for all QuickBooks users. However, Intuit charges a fee for every direct deposit to employees done using your QuickBooks account. It’s usually more or less than $1.75 per paycheck, and users can also pay for monthly subscriptions to avail services like federal and state tax calculation.
Suppose an employee wants to change their bank account preference for salary deposit. In that case, you can make the necessary changes following the exact instructions you used to enter the information in the first place (Step- 3). However, if you created paychecks before updating the employee info, it will still deposit in the old bank account. You must delete or recreate the paychecks by following the given steps.
1. Go to the Paycheck Detail window by opening the paycheck and unmark the box against the Use Direct Deposit option.
2. Click on Save and then select Save & Close.
You can permanently remove an employee from QuickBooks to discontinue their direct deposit by following the given steps.
1. Open QuickBooks and select the Employees menu.
2. Click on Employee Center and right-click on the name of the employee you want to remove.
3. Choose the Delete Employee option and confirm the action by clicking on Yes.
As a preventive caution from fraud, there is a limit on the amount of money you can deposit to an employee’s account through the direct deposit facility from QuickBooks.