topic direct deposit question in Business Credit

direct deposit question

samanthathewitch — Mon, 17 Sep 2012 02:15:13 GMT

I am going to be opening a business bank account soon after running my small business transactions out of my personal accounts last two years. I have two employees (who I have paid by cash for the last year) who will want to be paid direct deposit if possible. Can I do this with a business checking account or is that only if I set up with a payroll company?

I don't want to employ a payroll company but I do distribute 1099s at year end and pay my own business taxes.

Re: direct deposit question

llecs — Mon, 17 Sep 2012 06:09:23 GMT

I've never done this, but you can set up a direct deposit account via your bank. Check with the bank you run payroll out of. I know ours was always asking us to go with them, but I don't know how they'd do it. I use a payroll company now though. If you use software like Quickbooks, you can run it out of that too.

Re: direct deposit question

kimmiller112 — Tue, 18 Sep 2012 13:51:50 GMT

You can definitely do it through Quick Books if you use their software.