How to Set up the QuickBooks Direct Deposit Form

For many large enterprises, managing the payroll is an enormous accounting task. However, technologies like QuickBooks have made managing and processing it easier. QuickBooks Direct Deposit Form enables employees to request a direct deposit from the organization. They can fill out this form and give it to the payroll department. Through it, they start getting income directly into their savings or checking account. It cuts the time spent depositing a physical check and clearing it. In this post, you’ll find how to use this form.

How to Download QuickBooks Direct Deposit Form

When you need to download this form, use https://http-download.intuit.com/ link from Intuit. The PDF version of the Direct Deposit form is available here. Copy it and distribute it to your employees. Remember to tell them to fill in the correct information. Otherwise, it will pose issues in the payment process.

Steps to Set up QuickBooks Direct Deposit

Now you must set up payroll with QuickBooks Online. Ensure that your business data is complete and the tax information is accurate.

• Go to ‘Start’ in QuickBooks Online.

• Select ‘Connect Your Bank.’

• Now, choose ‘Get Started.’

• Verify the data you’ve entered.

• After providing the necessary information, locate your bank.

• It is below ‘Add a New Bank.’

• Key in the routing and account numbers against which the payroll funds will be drawn.

• The software will let you connect the bank account by signing into it for verification.

• Add a personal identification number and verify the deposit QuickBooks sends to it.

• After confirming the deposit amount in your email, your account is confirmed.

How to Fill Data into QuickBooks Payroll

Once you’ve downloaded QuickBooks payroll direct deposit form, its time to input the details into QuickBooks payroll.

• In the ‘Workers’ menu, tap ‘Employees.’

• Tap ‘Name’ of the employee for whom you want to input details.

• To create a new entry, tap the ‘Add new contact/Employee’ option.

• After choosing the employee, tap ‘Edit.’

• Choose one of these options from the drop-down menu.

1. Direct Deposit

2. Direct Deposit to Two Accounts, in case the employee has given details of two accounts.

3. Direct Deposit with Balance as a Check

• Input the bank account data from QuickBooks direct deposit form given by the employee.

• Review all the information and click ‘Done.’

Steps to Take after Entering Details in QuickBooks Payroll

After you put in the details, keep a copy of this QuickBooks Direct Deposit form with you. It must be there on your system. This is because it functions as an authorization form to resolve financial disputes in the future.

Next, integrate your QuickBooks with a payment processor. Business owners generally use ACH to process payroll for their employees. It has a lower processing fee, robust security, and an automatic recurring payment setup.

Final Thoughts

Using the QuickBooks direct deposit form gives you good control over payroll processing. It also ensures that the workers receive payment irrespective of their place of working. Use these steps to set up and use the direct deposit form. If you need more help, contact a QuickBooks technical support expert.

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