Direct Deposit payroll in QuickBooks

Posted by Corb on January 4, 2007, 11:49 am

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Hi,

I use Quickbooks PME Pro 2006.

When I pay my weekly wage employees, I send a ETF file (Direct Deposit)
to the bank. All the paycheks are treated as one transaction by the
bank, but in QB I have one paycheck for each employee. How do I
reconcile this transaction. Is there a way to group paychecks in QB so
that they all to show as one transaction?

Any help would be greatly appreciated.

Posted by catrick on January 5, 2007, 11:10 am

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Help> Index> Direct Deposit> Reconcile.

Cat

Corb wrote:

> Hi,

> I use Quickbooks PME Pro 2006.

> When I pay my weekly wage employees, I send a ETF file (Direct Deposit)

> to the bank. All the paycheks are treated as one transaction by the

> bank, but in QB I have one paycheck for each employee. How do I

> reconcile this transaction. Is there a way to group paychecks in QB so

> that they all to show as one transaction?

> Any help would be greatly appreciated.

Posted by Corb on January 5, 2007, 4:29 pm

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Hi,

Thank you for your answer.

You must know that I'm using the French version (PME) of QB and I
can't seem to find anything in Help concerning Direct Deposit (in
French).

I was told by QB support that a Direct Deposit option is available from
within Payroll (for which I'm paying on a monthly basis BTW). For some
mysterious reason however, this option doesn't seem to be available in
the French version of the program and no one was able to tell me why or
to give me a solution to my problem.

So I'm at a point were I need to find a workaround option which I
haven't figured out yet.

Thank you in advance for any enlightenment you may have.

Posted by vcard on January 5, 2007, 7:18 pm

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Copied from English version Help: "To ease the process of reconciling your
bank account when using direct deposit, we recommend that you create a
payroll clearing bank account. This also helps with record keeping and
tracking changes made or to be made to posted pay cheques. "

When you create the direct deposit 'virtual' cheques, use the Payroll
Clearing account.

Hope this helps,

vcard

: Hi,
:
: Thank you for your answer.
:
: You must know that I'm using the French version (PME) of QB and I
: can't seem to find anything in Help concerning Direct Deposit (in
: French).
:
: I was told by QB support that a Direct Deposit option is available from
: within Payroll (for which I'm paying on a monthly basis BTW). For some
: mysterious reason however, this option doesn't seem to be available in
: the French version of the program and no one was able to tell me why or
: to give me a solution to my problem.
:
: So I'm at a point were I need to find a workaround option which I
: haven't figured out yet.
:
: Thank you in advance for any enlightenment you may have.
:

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Posted by Corb on January 10, 2007, 9:32 am

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That should do the trick.

Thank you very much.