Everybody wants to get their payment on time, and this must be done in no time. The payment procedure must be quick and hassle-free. Direct deposit is another feature offered by QuickBooks payroll that helps all-sized businesses and companies to directly pay their employees in a short time. But, sometimes, to use a better version of direct deposit, you may need to change your payroll bank account, and this would be done by applying a Bank Account Change Form QuickBooks Desktop.
Let’s walk through the entire guide on how to change payroll bank accounts in QuickBooks desktop.
Do you want to change your payroll bank account? This guide is enough to help you with the changing procedure. If you need professional assistance, dial 1.855.738.2784 and get help from pro advisors.
A Stepwise Guide to Change Payroll Bank Account in QuickBooks Desktop
By following the below steps, you will easily change your account in QB. See how it is done:
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Step 1: Collecting your (bank account information, principal officer address, and payroll PIN)
First, you need to collect all the bank information required for changing your bank account. Look over the check to know your bank name, routing number, and account number on a check.
Further, you may be asked to provide your principal officer’s physical address.
You must have the payroll PIN which you use to send your payroll to Intuit.
Step 2: you can set up your bank account in your chart of accounts
Move to Lists\> Chart of Accounts\> Accounts\> New\> Bank\> Continue.
It's time to fill in your bank account information.
To save the changes you made, tap Save and Close.
Step 3: Checking due tax payments and payroll transactions
Due tax payments
Tap Employees\> Payroll Center\> Pay Liabilities tab.
Now, choose the E-Payments tab to see any due tax payments.
Due payroll transactions
- Tap Employees\> Payroll Center\> and then Payroll to see any due payroll transactions.
Step 4: Now, let’s change your bank account
Choose Employees\> My Payroll Service\> Accounts/Billing Information.
Now, you have to sign into your Intuit account.
It’s time to move to the Payroll Info section. Next, choose Edit Under Direct Deposit Bank Account.
First, you have to type your payroll PIN and then tap Continue.
Later, you are required to fill in your new bank account information and then tap Update. Click Close after getting a confirmation message.
Step 5: Verifying your bank account
Firstly, you have to launch QuickBooks Desktop.
Tap Employees\> My Payroll Service\> Account/Billing Information.
Now, you have to sign into your Intuit account.
It’s time to move to the Payroll Info section. Next, choose Verify Under Direct Deposit Bank Account.
First, you have to type your payroll PIN and confirm it.
Pick Submit. When you get a message saying, ‘Your bank account is verified,’ click Return to QuickBooks.
Step 6: time to change your default bank account in your preferences
First, click Employees and then tap Send Payroll Data.
Now, you have to choose Preferences in the Send/Receive Data window.
You have to pick a new bank account from the dropdown list in the Account Preferences.
You are required to click OK to save changes.
Lately, you must tap Close on the Send/Receive Data window.
Finally
If you want to change payroll bank account in QuickBooks desktop. You have to follow the above methods very carefully. It is a comprehensive guide to help you overcome your issues. If you find it difficult, ask a professional to help you with your doubts.
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