QuickBooks Payroll Bulletin | June 2007

For QuickBooks Direct Deposit Customers

How will Independence Day (Wednesday, July 4, 2007) and Labor Day (Monday, Sept. 3, 2007) affect my direct deposit?

QuickBooks Payroll will not process direct deposits on Wednesday, July 4, and Monday, Sept. 3, 2007, because of the Federal Reserve Bank's observance of the Independence Day and Labor Day holidays.

Independence Day

If your normal paycheck date is on July 4, 2007, to comply with the Fair Labor Standards Act, you should:

1. Change your paycheck date to Tuesday, July 3, 2007
2. Send your payroll by 5 P.M. Pacific time on Friday, June 29, 2007

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

If you date your paychecks for...	Send payroll by 5 P.M. Pacific time on...	Your account will be debited on*...	Employees get paid on...
Tuesday, July 3	Friday, June 29	Monday, July 2	Tuesday, July 3
Wednesday, July 4	(See message above.)
Thursday, July 5	Monday, July 2	Tuesday, July 3	Thursday, July 5
Friday, July 6	Tuesday, July 3	Thursday, July 5	Friday, July 6
*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.

Labor Day

If your normal paycheck date is on Sept. 3, 2007, to comply with the Fair Labor Standards Act, you should:

1. Change your paycheck date to Friday, Aug. 31, 2007
2. Send your payroll by 5 P.M. Pacific time on Wednesday, Aug. 29, 2007

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

If you date your paychecks for...	Send payroll by 5 P.M. Pacific time on...	Your account will be debited on*...	Employees get paid on...
Friday, Aug. 31	Wednesday, Aug. 29	Thursday, Aug. 30	Friday, Aug. 31
Monday, Sept. 3	(See message above.)
Tuesday, Sept. 4	Thursday, Aug. 30	Friday, Aug. 31	Tuesday, Sept. 4
Wednesday, Sept. 5	Friday, Aug. 31	Tuesday, Sept. 4	Wednesday, Sept. 5
*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.