QuickBooks along with its payroll services acts as a one-stop solution for all your business management activities. QuickBooks Payroll has made issuing of paychecks as easy as it can get. You can add an employee for direct deposit and then when you issue the paychecks, the payable amount will be directly deposited to their account. You might need to change direct deposit bank account in QuickBooks and it can be performed in a few easy steps. Through this article, we will guide you on how to do that.
“If you want expert’s assistance to change direct deposit bank account in QuickBooks then contact QuickBooks Helpline at 1-(855)-856-0042”
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Method to change the bank account for direct deposit
If you want the salaries of employees to be issued from a different bank account then you need to change the bank account for direct deposit. A detailed stepwise guide has been given to change direct deposit bank account in QuickBooks.
- Go to the ‘Lists’ menu and then reach the ‘Chart of Accounts’.
- You have to select the ‘New’ option after clicking on the ‘Accounts’ button.
- Multiple types of accounts can be added through the same process so you’ll be shown a list, select ‘Bank’ from it.
- Now you have to enter the details of your Bank account and then click on the ‘Save & Close’ button.
To update and verify Bank Info in Payroll
After adding your Bank account to QuickBooks, you have to update and verify Bank Info in Payroll. The steps for that are as follows:
- Reach ‘My Payroll Service’ in the ‘Employee’ section and then to ‘Accounts/Billing information’.
- When asked to login, enter the login credentials then reach the ‘Payroll Info’ section.
- Choose the ‘Edit’ option under the ‘Direct Deposit Bank Account’.
- You will be prompted to input the PIN so enter it and then enter the new bank account information.
- Update it and then press the Close button.
Note: The process to change Direct Deposit Bank Account in QuickBooks doesn’t end here on updating the information on the payroll. You alsoneed to verify the bank account.
- Sign in to the ‘Account/Billing information’ section of Payroll and then reach the ‘payroll Info’ section again.
- You will see the option to ‘Verify’ under the Direct Deposit Bank Account.
- You will be prompted to enter the payroll PIN again so enter it to proceed to change direct deposit bank account in QuickBooks and then click on the ‘Submit’ option to finish the task.
Direct Deposit Bank Account in QuickBooks has been successfully changed and now the paychecks of the employees will be debited from this account.
Procedure to change employee’s bank account for direct deposit
If you want to change employee’s bank account for direct deposit of paychecks then here is a detailed procedure for that:
- In QuickBooks Desktop Payroll, go to the ‘Employees’ section and then click on ‘Employee Center’ to open your employee list.
- Choose the employee and then go to the ‘Payroll Info’ tab.
- Press the ‘Direct Deposit’ button, the Direct Deposit window will open up.
- You’ll see an option ‘Use Direct Deposit for [Employee’s Name]’. Select this option.
- You can select the option to deposit the paycheck into one or two accounts.
- In the next stage, you will have to enter the Bank Name, Account Number, Routing Number, and the type of the account of the employee.
- Enter the percentage of the amount to be deposited in the different accounts if you had selected two banks before.
- Press the ‘OK’ button, that’ll save all the information.
- Enter thePIN to finalize the process.
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You would be able to change Direct Deposit Bank Account in QuickBooks by following these steps. We discussed the detailed procedure for that in this article. If you still need help to change direct deposit bank account in QuickBooks then contact QuickBooks Direct Support at 1-(855)-856-0042.
Erica Watson is writing about accounting and bookkeeping for over 7+ years, making even the difficult technical topics easy to understand. She is skilled at creating content about popular accounting and tax softwares such as QuickBooks, Sage, Xero, Quicken, etc. Erica’s knowledge of such softwares allows her to create articles and guides that are both informative and easy to follow. Her writing builds trust with readers, thanks to her ability to explain things clearly while showing a real understanding of the industry.