Overview

Customers using QuickBooks Desktop Assisted Payroll or Direct Deposit services are required to submit payroll 5:00 P.M. Pacific Time  at least 2 banking days prior to the paycheck date. A banking day is a banking business day (Monday through Friday) that does not fall on a Federal Reserve Bank holiday, or a state or local holiday. The deadline allows Intuit to process the payroll, properly deposit funds and/or submit filings on your behalf.

Transmitting a late payroll can negatively impact your business in several ways:

  • Direct deposits will take still two banking days to post, so employees may not get paid on time.
  • Tax amendments and penalties can be incurred if filing submissions were incorrect. Any fees, penalties or interest due to the agency will be your responsibility, and you may also have to pay service fees for filing amendments.
  • For Assisted payroll, a Late Payroll Processing Fee will be assessed.

 

Assumptions

You have an active Intuit QuickBooks Desktop payroll subscription with direct deposit or you are on the Intuit QuickBooks Desktop Assisted Payroll service.

Details

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