How will Veterans Day and other federal holidays affect my payroll processing? PowerPoint PPT Presentation

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Title: How will Veterans Day and other federal holidays affect my payroll processing?


1
How will Veterans Day and other federal holidays
affect my payroll processing?
Presented By QuickBooks Payroll Support WizXpert
2
  • How will Veterans Day and other federal holidays
    affect my payroll processing?
  • Overview
  • If a payday falls on a federal banking holiday
  • If no changes are made to your payroll, direct
    deposit paychecks will be posted on the first
    business day after a bank holiday.
  • If you want to pay employees before the holiday,
    adjust the paycheck date accordingly. You will
    also need to adjust your submission date to allow
    for the two business days needed to process
    payroll and direct deposits (Holidays are not
    considered business days). If your date change
    includes the leap year day, February 29, verify
    your computer/operating/calendar system
    recognizes the date.
  • If a payday falls within two banking days of a
    holiday, payroll must be submitted one day
    earlier than usual. Example Labor Day holiday
    falls on a Monday. Payroll must be submitted
    Wednesday August 28th for a payday of Friday
    August 30th.

3
  • Details
  • Note Payroll Transmissions are normally due
  • QuickBooks Desktop Payroll Basic / Enhanced? and
    QuickBooks Desktop Payroll Assisted - 2 business
    days before the check date before 500 pm Pacific
    Time. Federal banking holidays are not considered
    business days.
  • Intuit Online Payroll and QuickBooks Online
    Payroll Enhanced - 2 business days before the
    check date before 500 pm Pacific Time. Federal
    banking holidays are not considered business
    days.
  • Intuit Full Service Payroll (IFSP) and QuickBooks
    Online Payroll Full Service - 2 business days
    before the check date before 300 pm Pacific
    Time. Federal banking holidays are not considered
    business days.
  • Select the Federal Reserve Holiday listed below
    to see how the holiday affects your payroll
    processing schedule, payroll tax payments and
    direct deposit and for tips on how you can stay
    compliant with the Fair Labor Standards Act.

4
  • Veterans Day (Saturday, November 11, 2017)
  • In 2017, Veterans Day is Saturday, November 11
    and will not affect payroll processing dated for
    normal business days.
  • If your normal paycheck date is on 11/11/17, you
    should
  • Change your paycheck date for your direct deposit
    employees to Friday, 11/10/17.
  • Send your payroll
  • QuickBooks Desktop Payroll Basic / Enhanced? and
    QuickBooks Desktop Payroll Assisted - before 5
    p.m. Pacific Time on Wednesday, 11/8/17.
  • Intuit Online Payroll and QuickBooks Online
    Payroll Enhanced - before 5 p.m. Pacific Time on
    Wednesday, 11/8/17.
  • Intuit Full Service Payroll (IFSP) and QuickBooks
    Online Payroll Full Service - before 3 p.m.
    Pacific Time on Wednesday, 11/8/17.

5
  • If your paycheck date is immediately before or
    after Veterans Day, consult the table that
    follows to find out when to send your payroll and
    when your account will be debited.

If you date your paychecks for... Send payroll by... Your account will be debited on... Employees get paid on (Direct Deposit only)...
Thursday, 11/9 Tuesday, 11/7 Wednesday, 11/8 Thursday, 11/9
Friday 11/10 Wednesday, 11/8 Thursday, 11/9 Friday, 11/10
Monday, 11/13 Thursday, 11/9 Friday, 11/10 Monday, 11/13
Tuesday, 11/14 Friday, 11/10 Monday, 11/13 Tuesday, 11/14
Accounts are typically debited before regular
banking hours, so you should make sure you have
funds in your account to cover the payroll on the
day before the actual debit occurs.
6
  • Thanksgiving Day (Thursday, November 23, 2017)
  • To allow for the Thanksgiving Day holiday, you
    might need to send payroll a day earlier than
    usual. Doing so will help you to comply with the
    Fair Labor Standards Act and ensure timely
    payroll tax payments.
  • If your normal paycheck date is on 11/23/17, you
    should
  • Change your paycheck date for your direct deposit
    employees to Wednesday, 11/22/17.
  • Send your payroll
  • QuickBooks Desktop Payroll Basic / Enhanced? and
    QuickBooks Desktop Payroll Assisted - before 5
    p.m. Pacific Time on Monday, 11/20/17.
  • Intuit Online Payroll and QuickBooks Online
    Payroll Enhanced - before 5 p.m. Pacific Time on
    Monday, 11/20/17.
  • Intuit Full Service Payroll (IFSP) and QuickBooks
    Online Payroll Full Service - before 3 p.m.
    Pacific Time on Monday, 11/20/17.

7
  • If your paycheck date is immediately before or
    after Thanksgiving Day, consult the table that
    follows to find out when to send your payroll and
    when your account will be debited.
  • Accounts are typically debited before regular
    banking hours, so you should make sure you have
    funds in your account to cover the payroll on the
    day before the actual debit occurs.


If you date your paychecks for... Send payroll by... Your account will be debited on... Employees get paid on (Direct Deposit only)...
Wednesday, 11/22 Monday, 11/20 Tuesday, 11/21 Wednesday, 11/22
Thursday, 11/23 (see message above) (see message above) (see message above)
Friday, 11/24 Tuesday, 11/21 Wednesday, 11/22 Friday, 11/24
Monday, 11/27 Wednesday, 11/22 Friday, 11/24 Monday, 11/27
Tuesday, 11/28 Friday, 11/24 Monday, 11/27 Tuesday, 11/28
8
  • Christmas Day (Monday, December 25, 2017)
  • To allow for the Christmas holiday, you might
    need to send payroll a day earlier than usual.
    Doing so will help you to comply with the Fair
    Labor Standards Act and ensure timely payroll tax
    payments.
  • If your normal paycheck date is on 12/25/2017,
    you should
  • Change your paycheck date for your direct deposit
    employees to Friday, 12/22/17
  • Send your payroll
  • QuickBooks Desktop Payroll Basic / Enhanced? and
    QuickBooks Desktop Payroll Assisted - before 5
    p.m. Pacific Time on Wednesday, 12/20/17.
  • Intuit Online Payroll and QuickBooks Online
    Payroll Enhanced - before 5 p.m. Pacific Time on
    Wednesday, 12/20/17.
  • Intuit Full Service Payroll (IFSP) and QuickBooks
    Online Payroll Full Service - before 3 p.m.
    Pacific Time on Wednesday, 12/20/17.

9
  • If your paycheck date is immediately before or
    after Christmas Day, consult the table that
    follows to find out when to send your payroll and
    when your account will be debited.


If you date your paychecks for... Send payroll by... Your account will be debited on... Employees get paid on (Direct Deposit only)...
Thursday, 12/21 Tuesday, 12/19 Wednesday, 12/20 Thursday, 12/21
Friday, 12/22 Wednesday, 12/20 Thursday, 12/21 Friday, 12/22
Monday, 12/25 (see message above) (see message above) (see message above)
Tuesday, 12/26 Thursday, 12/21 Friday, 12/22 Tuesday, 12/26
Wednesday, 12/27 Friday, 12/22 Tuesday, 12/26 Wednesday, 12/27
Accounts are typically debited before regular
banking hours, so you should make sure you have
funds in your account to cover the payroll on the
day before the actual debit occurs.
10
  • New Year's Day (Monday, January 1, 2018)
  • To allow for the New Year's Day holiday, you
    might need to send payroll a day earlier than
    usual. Doing so will help you to comply with the
    Fair Labor Standards Act and ensure timely
    payroll tax payments.
  • If your normal paycheck date is on 1/1/2018, you
    should
  • Change your paycheck date for your direct deposit
    employees to Friday, 12/29/17.
  • Send your payroll
  • QuickBooks Desktop Payroll Basic / Enhanced? and
    QuickBooks Desktop Payroll Assisted - before 5
    p.m. Pacific Time on Wednesday, 12/27/17.
  • Intuit Online Payroll and QuickBooks Online
    Payroll Enhanced - before 5 p.m. Pacific Time on
    Wednesday, 12/27/17.
  • Intuit Full Service Payroll (IFSP) and QuickBooks
    Online Payroll Full Service - before 3 p.m.
    Pacific Time on Wednesday, 12/27/17.

11
  • If your paycheck date is immediately before or
    after New Year's Day, consult the table that
    follows to find out when to send your payroll and
    when your account will be debited.

If you date your paychecks for... Send payroll by... Your account will be debited on... Employees get paid on (Direct Deposit only)...
Wednesday, 12/27 Friday, 12/22 Tuesday, 12/26 Wednesday, 12/27
Thursday, 12/28 Tuesday, 12/26 Wednesday, 12/27 Thursday, 12/28
Friday, 12/29 Wednesday, 12/27 Thursday, 12/28 Friday, 12/29
Monday, 1/1 (see message above) (see message above) (see message above)
Tuesday, 1/2 Thursday, 12/28 Friday, 12/29 Tuesday, 1/2
Wednesday, 1/3 Friday, 12/29 Tuesday, 1/2 Wednesday, 1/3
Thursday, 1/4 Tuesday, 1/2 Wednesday, 1/3 Thursday, 1/4
Accounts are typically debited before regular
banking hours, so you should make sure you have
funds in your account to cover the payroll on the
day before the actual debit occurs.
12
  • Martin Luther King, Jr. Day (Monday, January 15,
    2018)
  • To allow for the Martin Luther King, Jr. Day
    holiday, you might need to send payroll a day
    earlier than usual. Doing so will help you to
    comply with the Fair Labor Standards Act and
    ensure timely payroll tax payments.
  • If your normal paycheck date is on 1/15/18, you
    should
  • Change your paycheck date for your direct deposit
    employees to Friday, 1/12/18.
  • Send your payroll
  • QuickBooks Desktop Payroll Basic / Enhanced? and
    QuickBooks Desktop Payroll Assisted - before 5
    p.m. Pacific Time on Wednesday, 1/10/18.
  • Intuit Online Payroll and QuickBooks Online
    Payroll Enhanced - before 5 p.m. Pacific Time on
    Wednesday, 1/10/18.
  • Intuit Full Service Payroll (IFSP) and QuickBooks
    Online Payroll Full Service - before 3 p.m.
    Pacific Time on Wednesday, 1/10/18.

13
  • If your paycheck date is immediately before or
    after Martin Luther King, Jr. Day, consult the
    table that follows to find out when to send your
    payroll and when your account will be debited.


If you date your paychecks for... Send payroll by... Your account will be debited on... Employees get paid on (Direct Deposit only)...
Friday, 1/12 Wednesday, 1/10 Thursday, 1/11 Friday, 1/12
Monday, 1/15 (see message above) (see message above) (see message above)
Tuesday, 1/16 Thursday, 1/11 Friday, 1/12 Tuesday, 1/16
Wednesday, 1/17 Friday, 1/12 Tuesday, 1/16 Wednesday, 1/17
Thursday, 1/18 Tuesday, 1/16 Wednesday, 1/17 Thursday, 1/18
Accounts are typically debited before regular
banking hours, so you should make sure you have
funds in your account to cover the payroll on the
day before the actual debit occurs.
14
  • Presidents' Day (Monday, February 19, 2018)
  • To allow for the Presidents' Day holiday, you
    might need to send payroll a day earlier than
    usual. Doing so will help you to comply with the
    Fair Labor Standards Act and ensure timely
    payroll tax payments.
  • If your normal paycheck date is on 2/19/18, you
    should
  • Change your paycheck date for your direct deposit
    employees to Friday, 2/16/18.
  • Send your payroll
  • QuickBooks Desktop Payroll Basic / Enhanced? and
    QuickBooks Desktop Payroll Assisted - before 5
    p.m. Pacific Time on Wednesday, 2/14/18.
  • Intuit Online Payroll and QuickBooks Online
    Payroll Enhanced - before 5 p.m. Pacific Time on
    Wednesday, 2/14/18.
  • Intuit Full Service Payroll (IFSP) and QuickBooks
    Online Payroll Full Service - before 3 p.m.
    Pacific Time on Wednesday, 2/14/18.

15
  • If your paycheck date is immediately before or
    after Presidents' Day, consult the table that
    follows to find out when to send your payroll and
    when your account will be debited.
  • Accounts are typically debited before regular
    banking hours, so you should make sure you have
    funds in your account to cover the payroll on the
    day before the actual debit occurs.

16
  • Memorial Day (Monday, May 28, 2018)
  • To allow for the Memorial Day holiday, you might
    need to send payroll a day earlier than usual.
    Doing so will help you to comply with the Fair
    Labor Standards Act and ensure timely payroll tax
    payments.
  • If your normal paycheck date is on 5/28/18, you
    should
  • Change your paycheck date for your direct deposit
    employees to Friday, 5/25/17.
  • Send your payroll
  • QuickBooks Desktop Payroll Basic / Enhanced? and
    QuickBooks Desktop Payroll Assisted - before 5
    p.m. Pacific Time on Wednesday, 5/23/18.
  • Intuit Online Payroll and QuickBooks Online
    Payroll Enhanced - before 5 p.m. Pacific Time on
    Wednesday, 5/23/18.
  • Intuit Full Service Payroll (IFSP) and QuickBooks
    Online Payroll Full Service - before 3 p.m.
    Pacific Time on Wednesday, 5/23/18.

17
  • If your paycheck date is immediately before or
    after Memorial Day, consult the table that
    follows to find out when to send your payroll and
    when your account will be debited.


If you date your paychecks for... Send payroll by... Your account will be debited on... Employees get paid on (Direct Deposit only)...
Friday, 5/25 Wednesday, 5/23 Thursday, 5/24 Friday, 5/25
Monday, 5/28 (see message above) (see message above) (see message above)
Tuesday, 5/29 Thursday, 5/24 Friday, 5/25 Tuesday, 5/29
Wednesday, 5/30 Friday, 5/25 Tuesday, 5/29 Wednesday, 5/30
Thursday, 5/31 Tuesday, 5/29 Wednesday, 5/30 Thursday, 5/31
Accounts are typically debited before regular
banking hours, so you should make sure you have
funds in your account to cover the payroll on the
day before the actual debit occurs.
18
  • Independence Day (Wednesday, July 4, 2018)
  • To allow for the Independence Day holiday, you
    might need to send payroll a day earlier than
    usual. Doing so will help you to comply with the
    Fair Labor Standards Act and ensure timely
    payroll tax payments.
  • If your normal paycheck date is on 7/4/18, you
    should
  • Change your paycheck date for your direct deposit
    employees to Tuesday, 7/3/18.
  • Send your payroll
  • QuickBooks Desktop Payroll Basic / Enhanced? and
    QuickBooks Desktop Payroll Assisted - before 5
    p.m. Pacific Time on Friday, 6/29/18.
  • Intuit Online Payroll and QuickBooks Online
    Payroll Enhanced - before 5 p.m. Pacific Time on
    Friday, 6/29/2018.
  • Intuit Full Service Payroll (IFSP) and QuickBooks
    Online Payroll Full Service - before 3 p.m.
    Pacific Time on Friday, 6/29/2018.

19
  • If your paycheck date is immediately before or
    after Independence Day, consult the table that
    follows to find out when to send your payroll and
    when your account will be debited.

If you date your paychecks for... Send payroll by... Your account will be debited on... Employees get paid on (Direct Deposit only)...
Monday, 7/2 Thursday, 6/28 Friday, 6/29 Monday, 7/2
Tuesday, 7/3 Friday, 6/29 Monday, 7/2 Monday, 7/3
Wednesday, 7/4 (see message above) (see message above) (see message above)
Thursday, 7/5 Monday, 7/2 Tuesday, 7/3 Thursday, 7/5
Friday, 7/6 Tuesday, 7/3 Thursday, 7/5 Friday, 7/6
Accounts are typically debited before regular
banking hours, so you should make sure you have
funds in your account to cover the payroll on the
day before the actual debit occurs.
QuickBooks Point of sale Invalid Product Number
20
  • Labor Day (Monday, September 3, 2018)
  • To allow for the Labor Day holiday, you might
    need to send payroll a day earlier than usual.
    Doing so will help you to comply with the Fair
    Labor Standards Act and ensure timely payroll tax
    payments.
  • If your normal paycheck date is on 9/4/17, you
    should
  • Change your paycheck date for your direct deposit
    employees to Friday, 9/1/17.
  • Send your payroll
  • QuickBooks Desktop Payroll Basic / Enhanced? and
    QuickBooks Desktop Payroll Assisted - before 5
    p.m. Pacific Time on Wednesday, 8/30/17.
  • Intuit Online Payroll and QuickBooks Online
    Payroll Enhanced - before 5 p.m. Pacific Time on
    Wednesday, 8/30/17.
  • Intuit Full Service Payroll (IFSP) and QuickBooks
    Online Payroll Full Service - before 3 p.m.
    Pacific Time on Wednesday, 8/30/17.

21
  • If your paycheck date is immediately before or
    after Labor Day, consult the table that follows
    to find out when to send your payroll and when
    your account will be debited.

If you date your paychecks for... Send payroll by... Your account will be debited on... Employees get paid on (Direct Deposit only)...
Friday, 9/1 Wednesday, 8/30 Thursday, 8/31 Friday, 9/1
Monday, 9/4 (see message above) (see message above) (see message above)
Tuesday, 9/5 Thursday, 8/31 Friday, 9/1 Tuesday, 9/5
Wednesday, 9/6 Friday, 9/1 Tuesday, 9/5 Wednesday, 9/6
Accounts are typically debited before regular
banking hours, so you should make sure you have
funds in your account to cover the payroll on the
day before the actual debit occurs. Note Direct
Deposits are also affected by Bank Holidays.
These dates are included in the last columns of
each table above.
22
  • Columbus Day (Monday, October 8, 2018)
  • To allow for the Columbus Day holiday, you might
    need to send payroll a day earlier than usual.
    Doing so will help you to comply with the Fair
    Labor Standards Act and ensure timely payroll tax
    payments.
  • If your normal paycheck date is on 10/8/17, you
    should
  • Change your paycheck date for your direct deposit
    employees to Friday, 10/5/17.
  • Send your payroll
  • QuickBooks Desktop Payroll Basic / Enhanced? and
    QuickBooks Desktop Payroll Assisted - before 5
    p.m. Pacific Time on Wednesday, 10/3/17.
  • Intuit Online Payroll and QuickBooks Online
    Payroll Enhanced - before 5 p.m. Pacific Time on
    Wednesday, 10/3/17.
  • Intuit Full Service Payroll (IFSP) and QuickBooks
    Online Payroll Full Service - before 3 p.m.
    Pacific Time on Wednesday, 10/3/17.

23
  • If your paycheck date is immediately before or
    after Columbus Day, consult the table that
    follows to find out when to send your payroll and
    when your account will be debited.

If you date your paychecks for... Send payroll by... Your account will be debited on... Employees get paid on (Direct Deposit only)...
Friday, 10/5 Wednesday, 10/3 Thursday, 10/4 Friday, 10/5
Monday, 10/8 (see message above) (see message above) (see message above)
Tuesday, 10/9 Thursday, 10/4 Friday, 10/5 Tuesday, 10/9
Wednesday, 10/10 Friday, 10/5 Tuesday, 10/9 Wednesday, 10/10
Thursday, 10/11 Tuesday, 10/9 Wednesday, 10/10 Thursday, 10/11
Accounts are typically debited before regular
banking hours, so you should make sure you have
funds in your account to cover the payroll on the
day before the actual debit occurs.
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24
  • Direct Deposit schedule calculator, for
    reference.
  • If a Federal Reserve bank holiday falls on a
    scheduled payday, or one or two days prior to a
    scheduled payday, you may need to adjust your
    paycheck date or send in your payroll earlier
    than you would otherwise.
  • For example, if the check date is Tuesday and
    Monday is a holiday, send your paychecks by
  • QuickBooks Desktop Payroll Basic / Enhanced? and
    QuickBooks Desktop Payroll Assisted - the
    preceding Thursday before 500 p.m. Pacific Time.
    (The time stamp can't be later than 459 p.m.)
    The debit then occurs on Friday.
  • Intuit Online Payroll and QuickBooks Online
    Payroll Enhanced - the preceding Thursday before
    500 p.m. Pacific Time. (The time stamp can't be
    later than 459 p.m.) The debit then occurs on
    Friday.
  • Intuit Full Service Payroll (IFSP) and QuickBooks
    Online Payroll Full Service - the preceding
    Thursday before 300 p.m. Pacific Time. (The time
    stamp can't be later than 259 p.m.) The debit
    then occurs on Friday.

25
  • The table below shows when to send payroll for
    bank holidays, based on when your payday and the
    bank holiday occur.

If payday is on a And a bank holiday falls on the Send payroll on or before the preceding
Monday Thursday or Friday before payday Wednesday
Tuesday Friday or Monday before payday Thursday
Wednesday Monday or Tuesday before payday Friday
Thursday Tuesday or Wednesday before payday Monday
Friday Wednesday or Thursday before payday Tuesday
Intuit Payroll Calendar 2012 Intuit Payroll
Calendar 2013 Intuit Payroll Calendar 2014 Intuit
Payroll Calendar 2015 Intuit Payroll Calendar
2016 Intuit Payroll Calendar 2017
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26
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l-holidays-affect-my-payroll-processing
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