Fast Direct Deposit Set Up With Intuit Payroll

Direct deposit is a convenient and secure way to pay your employees. With direct deposit, your employees’ paychecks are electronically deposited into their bank accounts on payday.

Intuit Payroll makes it easy to set up direct deposit for your employees. You can set up direct deposit in just a few steps, and your employees will start receiving their paychecks directly into their bank accounts on the next payday.

Benefits of using direct deposit with Intuit Payroll

There are a number of benefits to using direct deposit with Intuit Payroll, including:

• Convenience: Direct deposit is convenient for both you and your employees. You don’t have to worry about writing and distributing checks, and your employees don’t have to worry about cashing their checks or depositing them at the bank.
• Security: Direct deposit is a secure way to pay your employees. Their paychecks are electronically deposited into their bank accounts, so there’s no risk of checks being lost or stolen.
• Accuracy: Direct deposit is accurate. Your employees’ paychecks will be deposited into their bank accounts on time and for the correct amount.

How to set up direct deposit with Intuit Payroll

To set up direct deposit with Intuit Payroll, you’ll need to collect the following information from your employees:

• Their full name
• Their bank account number
• Their bank routing number

You can collect this information from your employees using a direct deposit authorization form. Once you have collected this information, you can set up direct deposit for your employees in Intuit Payroll.

Here are the steps to set up direct deposit for your employees in Intuit Payroll:

1. Go to Employees and select the employee you want to set up direct deposit for.
2. Click Edit.
3. Under Payment Method, select Direct Deposit.
4. Enter the employee’s bank account number and routing number.
5. Click Save.

Once you have set up direct deposit for your employees, you’ll need to run payroll and submit your payroll to Intuit Payroll. Intuit Payroll will then process your payroll and deposit your employees’ paychecks into their bank accounts on payday.

Tips for setting up direct deposit with Intuit Payroll

Here are a few tips for setting up direct deposit with Intuit Payroll:

• Collect the correct information from your employees. Make sure to collect your employees’ full name, bank account number, and bank routing number correctly. Any errors in this information could delay or prevent their paychecks from being deposited directly into their bank accounts.
• Test direct deposit before you run payroll. Intuit Payroll allows you to test direct deposit before you run payroll. This is a good way to make sure that your employees’ paychecks are deposited directly into their bank accounts correctly.
• Communicate with your employees. Let your employees know when they can expect to start receiving their paychecks directly into their bank accounts. This will help to avoid any confusion or frustration.

Conclusion

Setting up direct deposit with Intuit Payroll is a fast and easy way to pay your employees. Direct deposit is convenient, secure, and accurate. If you’re not already using direct deposit, I encourage you to set it up for your employees today.

Additional information

Here are some additional statistics on the benefits of direct deposit:

• Direct deposit can save businesses an average of $2.50 per paycheck.
• Direct deposit can reduce employee turnover by up to 5%.
• Direct deposit can increase employee satisfaction by up to 10%.

If you’re looking for a way to improve your payroll process and save money, I encourage you to consider setting up direct deposit with Intuit Payroll.