For QuickBooks Direct Deposit Customers
How will Christmas Day (Tuesday, Dec. 25, 2007), New Year's Day (Tuesday, Jan. 1, 2008), Martin Luther King, Jr. Day (Monday, Jan. 21, 2008) and Presidents' Day (Monday, Feb. 18, 2008) affect my direct deposit?
QuickBooks Payroll will not process direct deposits on Tuesday, Dec. 25, 2007; Tuesday, Jan. 1, 2008; Monday, Jan. 21, 2008; and Monday, Feb. 18, 2008, because of the Federal Reserve Bank's observance of the Christmas Day, New Year's Day, Martin Luther King, Jr. Day and Presidents' Day holidays.
Christmas Day
If your normal paycheck date is on Tuesday, Dec. 25, 2007, to comply with the Fair Labor Standards Act, you should:
- Change your paycheck date to Monday, Dec. 24, 2007
- Send your payroll by 5 P.M. Pacific time on Thursday, Dec. 20, 2007
For other check dates, you might need to send your direct deposit payroll a day earlier than usual, as described below:
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| 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... |
| Monday, Dec. 24 | Thursday, Dec. 20 | Friday, Dec. 21 | Monday, Dec. 24 |
| Tuesday, Dec. 25 | (See message above.) | ||
| Wednesday, Dec. 26 | Friday, Dec. 21 | Monday, Dec. 24 | Wednesday, Dec. 26 |
| Thursday, Dec. 27 | Monday, Dec. 24 | Wednesday, Dec. 26 | Thursday, Dec. 27 |
| *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 Tuesday, Jan. 1, 2008, to comply with the Fair Labor Standards Act, you should:
- Change your paycheck date to Monday, Dec. 31, 20071
- Send your payroll by 5 P.M. Pacific time on Thursday, Dec. 27, 2007
For other check dates, you might need to send your direct deposit payroll a day earlier than usual, as described below:
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| If you date your paychecks for... | Send payroll by 5 P.M. Pacific time on... | Your account will be debited on2... | Employees get paid on... |
| Monday, Dec. 31 | Thursday, Dec. 27 | Friday, Dec. 28 | Monday, Dec. 31 |
| Tuesday, Jan. 1 | (See message above.) | ||
| Wednesday, Jan. 2 | Friday, Dec. 28 | Monday, Dec. 31 | Wednesday, Jan. 2 |
| Thursday, Jan. 3 | Monday, Dec. 31 | Wednesday, Jan. 2 | Thursday, Jan. 3 |
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1 Changing the check date applies ONLY to Direct Deposit checks so that employees receive their pay on or before their regular check date, in accordance with the Fair Labor Standards Act. If you do not wish to have your normal check date change to the previous tax year, you should date paychecks for Jan. 1, 2008, disable Direct Deposit for this payroll, and issue paper checks to employees for this payroll. 2 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. |
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Martin Luther King, Jr. Day
If your normal paycheck date is on Monday, Jan. 21, 2008, to comply with the Fair Labor Standards Act, you should:
- Change your paycheck date to Friday, Jan. 18, 2008
- Send your payroll by 5 P.M. Pacific time on Wednesday, Jan. 16, 2008
For other check dates, you might need to send your direct deposit payroll a day earlier than usual, as described below:
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| 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, Jan. 18 | Wednesday, Jan. 16 | Thursday, Jan. 17 | Friday, Jan. 18 |
| Monday, Jan. 21 | (See message above.) | ||
| Tuesday, Jan. 22 | Thursday, Jan. 17 | Friday, Jan. 18 | Tuesday, Jan. 22 |
| Wednesday, Jan. 23 | Friday, Jan. 18 | Tuesday, Jan. 22 | Wednesday, Jan. 23 |
| *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. | |||
Presidents' Day
If your normal paycheck date is on Monday, Feb. 18, 2008, to comply with the Fair Labor Standards Act, you should:
- Change your paycheck date to Friday, Feb. 15, 2008
- Send your payroll by 5 P.M. Pacific time on Wednesday, Feb. 13, 2008
For other check dates, you might need to send your direct deposit payroll a day earlier than usual, as described below:
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|
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| 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, Feb. 15 | Wednesday, Feb. 13 | Thursday, Feb. 14 | Friday, Feb. 15 |
| Monday, Feb. 18 | (See message above.) | ||
| Tuesday, Feb. 19 | Thursday, Feb. 14 | Friday, Feb. 15 | Tuesday, Feb. 19 |
| Wednesday, Feb. 20 | Friday, Feb. 15 | Tuesday, Feb. 19 | Wednesday, Feb. 20 |
| *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. | |||
QuickBooks Payroll Bulletin
Editor: Lise Quintana
Publisher: Intuit
We welcome your suggestions and feedback! Unfortunately, we cannot respond to requests for change of address, technical support, or sales information.
E-mail us at payroll_editor@intuit.com