And, for both the employee and employer, the potential difficulties involved if a check is lost or stolen are completely avoided. With Direct Deposit, the employee’s money is instantly available to him or her there is no wait for the check to clear. They avoid the time wasted each pay period depositing their checks into their bank accounts, or, worse yet, the exorbitant fees charged by commercial check-cashing organizations.
There is considerable value to employees, also. The advantages of Direct Deposit of your employees’ salaries to you, the owner of the company, are obvious – you save on the costs and time of printing and mailing checks, and you eliminate the possibility of human error. An Intuit Direct Deposit Form will also make it possible to make deposits directly to your vendors’ bank accounts in response to their bills, and, of course, while you will need the Direct Deposit feature, you won’t need the Intuit Payroll option. Direct deposit is also a feature of Intuit Quickbooks, and if your company subscribes to it, you can offer your employees the option of having their paychecks deposited directly to their bank accounts. The Intuit Direct Deposit Form is designed primarily to work with Intuit Payroll, which is an optional feature of the company’s Quickbooks accounting program.
