QuickBooks has been playing an important role in helping a firm accomplish many things at the same time. Your e filing, payroll set up and many more jobs can be done in the wink of an eye. Of all the jobs, Direct Deposit is another feature that can be utilized in QuickBooks. Direct Deposit is the process by the virtue of which your checks can be electronically deposited to your savings or checking account. The amount becomes available to you on the day of salary. There are three simple steps to get the process done in QB. They are as mentioned below-
We should understand that every step to be followed needs to have s set of requirement which need to be fulfilled. The same goes for Direct Deposit with QB Payroll. There are a set of requisites you need to check before you sign up and activate your Payroll in QB for direct deposit. The requirements are as listed-
After you have met the entire above mention criterion, you are deemed suitable to sign up for Direct Deposit with QB Payroll.
It is not a very complicated procedure. You need to be calm and patient while signing up so that no error pops up. This is a universal step for any important sign up. You can follow the steps below to sign up-
After the process of sign up is over, print the confirmation page when you print the guide mentioned above too. The guide is more about the necessary forms and materials which need to be completed before the paying to the employees start through Direct Deposit with QB Payroll. It also consists of the instructions to be followed in order to complete the verification process of the Bank. Apart from this, it contains the instructions to process the Direct Deposit. To proceed with the Direct Deposit for the employees, you will have an authorization too in that guide. The guide is quite useful as it also contains the list of Federal Reserve Holidays which can be helpful to plan your Payroll process.
If you couldn’t download the guide of Direct Deposit with the usual process, you have another option. You can clock on Help in QuickBooks menu and select Direct Deposit getting Started Guide and download it. You should make sure you have PDF file opener in your system as the guide will open in PDF format only.
That was easy, wasn’t it? Let’s take a look on certain conditions which you need to keep in mind before you process the Direct Deposit with QB Payroll after having fulfilled the criterion.
The whole process is length but a simple one. It is considered as one of the best process of getting your employees paid with not much paper work to be done. It is a one-time process and the process will recur every month unless you put a stop to it. QuickBooks Direct Deposit has brought a smile on many employers’ face. Do you want to be one of them?