One-Day Processing Now Available for QuickBooks Payroll
Having to schedule payroll many days in advance can be problematic when your clients are tight on cash flow, creating a financial burden and time constraint to meet advance deadlines. Now, you can help them solve that problem by scheduling payroll up until the day before it runs.
Announcing Free 24-Hour Direct Deposit for QuickBooks® Online Payroll and QuickBooks Full Service Payroll! With 24 hour Direct Deposit, businesses now have the flexibility to pay employees by direct deposit sooner. With the new one-day processing, users can submit a payroll request up until 5 p.m., PT, the day before payday. Just enter each employee’s details as you normally would, whether it is an hourly or salary worker. The confirmation screen will display when the funds will be withdrawn from the employer’s bank account and deposited into the employee’s bank account.
Whether your clients run your payroll every Friday or at a set day each month, with 24-Hour Direct Deposit, they are able to hold onto your money for an extra day. The funds don’t leave their account until they submit your payroll request, providing a little extra assurance on your business cash flow. 24 Hour Direct Deposit offers employers greater payday accuracy by ensuring employees are paid the correct amount on payday, even if there are last-minute adjustments that need to be made. Note, that the one-day processing does take into account bank working hours, including weekends and federal holidays.
The new 24-Hour Direct Deposit gives your clients the flexibility to run payroll when it’s right for their business and keeps them in control. Employees will still get the same benefit of receiving their paycheck on time and accurately. It is a win-win!