{"id":1575,"date":"2022-07-16T11:33:27","date_gmt":"2022-07-16T11:33:27","guid":{"rendered":"https:\/\/www.quickbookssupportphonenumber247.co\/blog\/?p=1575"},"modified":"2022-08-22T05:25:56","modified_gmt":"2022-08-22T05:25:56","slug":"quickbooks-direct-deposit","status":"publish","type":"post","link":"https:\/\/www.quickbookssupportphonenumber247.co\/blog\/quickbooks-direct-deposit\/","title":{"rendered":"How to Setup QuickBooks Direct Deposit?"},"content":{"rendered":"

QuickBooks Direct Deposit is an automatic method to access your money with an electronic funds transfer directly into your bank account. The payer issues an electronic payment and transfers it into the employee\u2019s bank account. <\/span><\/p>\n

The Direct Deposit from QuickBooks<\/a><\/span><\/strong> replaces the old method of paying system of paying checks or visiting banks for any bank transfer. Moreover, Direct Deposit is widely used with employee paychecks, receive tax refunds, stimulus checks, unemployment pay, and social security. It makes the paying system so easy that billions of direct deposit electronic payments are made yearly.\u00a0<\/span><\/p>\n

With this blog, we will cover and provide you with everything you must know about the QuickBooks Payroll<\/a><\/span><\/strong> Direct Deposit. But first, let’s understand the Direct deposit in brief.<\/span><\/p>\n

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What is QuickBooks Direct Deposit?<\/b><\/h2>\n

The Direct Deposit QuickBooks is a feature of QuickBooks Payroll in which you can create and send the direct deposit paychecks to the employees instead of paying physical checks. The employees will receive the paychecks direct into their bank accounts. The Direct Deposit is scheduled to pay the employee at a specific time. For that, you have to activate the Direct Deposit in QuickBooks. If didn’t do yet, then the next section is for you.<\/span><\/p>\n

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How to Activate QuickBooks Direct Deposit in Brief?<\/b><\/h2>\n

Activating the Direct Deposit is very easy in QuickBooks. First, Sign up for the Direct Deposit. But there are some requirements for signing up for the direct deposit. These are:<\/span><\/p>\n

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  1. Any QuickBooks Desktop version (Pro, Premier, Enterprise) that supports direct deposit.\u00a0<\/span><\/li>\n
  2. Active QuickBooks Desktop Payroll<\/a><\/span><\/strong> subscription.<\/span><\/li>\n
  3. An Internet connection and a bank account that handles the Automated Clearing House (ACH)<\/span><\/li>\n
  4. Federal Employer Identification Number.<\/span><\/li>\n<\/ol>\n

    If you have the above components, follow the next section to activate the direct deposit.<\/span><\/p>\n

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    Activate QuickBooks Direct Deposit Payroll<\/b><\/h2>\n
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    1. Firstly, open <\/span>QuickBooks Desktop <\/b>and choose the <\/span>Employee <\/b>menu.<\/span><\/li>\n
    2. Then, click on <\/span>My Payroll Services<\/b> and then<\/span> Activate Direct Deposit<\/b>. Fill out the details in the direct deposit form QuickBooks.<\/span><\/li>\n
    3. After that, you have to <\/span>Enter Your Zip Code<\/b> without any extension. Click on <\/span>Submit<\/b>.<\/span><\/li>\n
    4. Now, click on <\/span>View Agreement<\/b>.\u00a0<\/span><\/li>\n
    5. When you read the agreement, check the <\/span>“I have read and agree to the terms and conditions of the service agreement”<\/b> checkbox and click on the <\/span>Sign-Up<\/b> button.<\/span><\/li>\n
    6. If you are new, then you can <\/span>print<\/b> the Direct Deposit Guide.<\/span><\/li>\n<\/ol>\n

      When you successfully sign up for the direct deposit, now also have to set it up for the direct deposit payments for the employees.<\/span><\/p>\n

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      Steps for QuickBooks Direct Deposit Setup<\/b><\/h2>\n

      In this section, we will explain the whole procedure of setting up the Direct Deposit in QuickBooks without any confusion. The direct deposit makes the entire paying system easy, and you have to send the paychecks directly to the payee’s account with an electronic transfer system. You can set up the direct deposit when setting up the payroll – Go to <\/span>Employee>>Payroll Info>>Direct Deposit<\/b>.\u00a0<\/span><\/p>\n

      Note:<\/i><\/b> The direct deposit is free if you presently subscribe to the new payroll offered by Intuit. Nor the QuickBooks Direct Deposit cost is $1.75 per direct deposit transaction<\/span><\/i>.<\/span><\/p>\n

      But if you don’t set up the direct deposit in payroll, then follow the given steps:<\/span><\/p>\n

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      Step 1: Enter Your Business Information<\/b><\/h3>\n

      You need the following information to set up direct deposit for your business:<\/span><\/p>\n