QuickBooks Payroll Bulletin | December 2006

For QuickBooks Direct Deposit Customers
How will Christmas Day (Monday, Dec. 25, 2006) and New Year's Day (Monday, Jan. 1, 2007) affect my direct deposit?

QuickBooks Payroll will not process direct deposits on Monday, Dec. 25, 2006, and Monday, Jan. 1, 2007, because of the Federal Reserve Bank's observance of the Christmas and New Year's Day holidays.

Christmas Day

If your normal paycheck date is on Dec. 25, 2006, to comply with the Fair Labor Standards Act, you should:

1. Change your paycheck date to Friday, Dec. 22, 2006
2. Send your payroll by 5 P.M. Pacific time on Wednesday, Dec. 20, 2006

For other check dates, you might need to send your direct deposit payroll a day earlier than usual, as described below:

*Accounts are typically debited before regular banking hours, so you should have sufficient available funds in your account the day before the actual debit occurs.

New Year's Day

If your normal paycheck date is on Jan. 1, 2007, to comply with the Fair Labor Standards Act, you should:

1. Change your paycheck date to Friday, Dec. 29, 2006
2. Send your payroll by 5 P.M. Pacific time on Wednesday, Dec. 27, 2006

For other check dates, you might need to send your direct deposit payroll a day earlier than usual, as described below:

*Accounts are typically debited before regular banking hours, so you should have sufficient available funds in your account the day before the actual debit occurs.

The information contained in the QuickBooks Payroll Bulletin is meant to provide general information about the payroll process and is not intended to provide tax or legal advice. Always consult your tax professional when preparing tax documents.