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QuickBooks Payroll Bank Account Update: A Comprehensive Tutorial Managing payroll efficiently is a cornerstone of any business, and QuickBooks simplifies this process with its robust payroll features. However, if your business changes its banking details, it’s essential to update the payroll bank account in QuickBooks to ensure smooth transactions. This article provides a step-by-step guide to updating payroll bank account information while adhering to accounting best practices. Why Is Updating Payroll Bank Account Important? Updating your payroll bank account ensures: Timely Payroll Processing: Employees are paid on schedule without interruptions. Accurate Recordkeeping: Payroll transactions align with your financial statements. Compliance with Tax Authorities: Avoid discrepancies in tax filings and payments. Banking Security: Prevent rejected transactions and potential overdraft fees. Preliminary Steps Before Updating Your Payroll Bank Account Gather Necessary Information: Have the new bank account number, routing number, and bank details handy. Also, ensure you have admin access to QuickBooks and payroll features. Verify Banking Permissions: Ensure the new account is authorized for payroll transactions. Coordinate with your bank to enable direct deposits if applicable. Notify Stakeholders: Inform employees and stakeholders of potential changes in payroll timing during the transition. Backup QuickBooks Data: Before making any changes, back up your QuickBooks data to avoid data loss. Steps to Update Payroll Bank Account in QuickBooks 1. Log In to QuickBooks as an Admin Open QuickBooks and log in using an admin account. Admin privileges are required to make changes to payroll settings. 2. Access Payroll Settings Navigate to the Gear Icon in QuickBooks Online or the Employees Tab in QuickBooks Desktop. Select Payroll Settings or Payroll Center, depending on your version. 3. Locate Bank Account Information Under payroll settings, find the Bank Accounts section. Click on the current account to access the details. 4. Update Bank Details Enter the new bank account information, including the routing and account numbers. Confirm the type of account (checking or savings). Double-check the details for accuracy to avoid errors in payroll processing. 5. Verify Bank Account QuickBooks may require verification of the new bank account. Follow the prompts to complete verification, which may include a test deposit from Intuit. Once verified, the new account is ready for payroll transactions. 6. Test Payroll Processing Run a small payroll transaction to ensure the new account is correctly linked. Verify the transaction is processed without issues. For More Info : https://a2autocare.com/article/update-payroll-bank-account-in-quickbooks/

Software Testing Software Testing This is a way to verify that the software product meets expectations and to make sure that it is in compliance with all applicable laws. Defect free. This involves the execution of software/system component using manual or automatic tools to evaluate one or several properties of interest. Software testing is used to find errors, gaps, or missing requirements that are not present in the actual requirements. Others prefer to refer to Software testing as White Box Testing or Black Box Testing. Software Testing is the verification of an application under test (AUT). This Software Testing course explains the importance of software testing to the audience. Why is Software Testing Important? Software Testing Is Important Because bugs and errors can be detected early so that they can be fixed before the product is shipped, A properly tested software product will ensure reliability, security, and high performance. This results in cost savings, customer satisfaction, and time efficiency. What's the purpose of testing? Software bugs can be costly or even deadly so testing is essential. Software bugs could lead to human and monetary loss. History is filled with such examples. The April 2015 software glitch that affected over 300,000 traders on the financial markets caused the London Bloomberg terminal to crash. The government was forced to postpone a 3bn-pound debt sale. Nissan cars were recalled from the market by more than 1 million customers due to software problems in the airbag sensor detectors. This software defect has been blamed for two accidents. Starbucks had to close 60 percent of its stores in America and Canada because of a software problem in their POS system. The store offered coffee free of charge because they couldn't process the transaction. Due to a software problem, some third-party Amazon retailers saw their product prices drop to 1p. They suffered heavy losses. Windows 10 vulnerability This vulnerability in Windows 10 allows users to bypass security sandboxes by exploiting a flaw within the win32k program. The software bug that made 2015's fighter plane F-35 unable to correctly detect targets caused it to crash. China Airlines Airbus A300 crashed on April 26, 1994 due to a software glitch, killing 264 innocent people. 1985: Canada's Therac-25 radiation treatment machine failed to deliver lethal radiation doses to patients. This caused 3 deaths and 3 serious injuries. A software glitch caused the launch of a military satellite worth $1.2 billion to fail, making it the most expensive accident in history. A software glitch caused 823 bank accounts at a major U.S. banking institution to be credited with 920 millions US dollars in May 1996. What are the advantages of Software Testing? Here are some of the benefits to software testing It's cost-effective: Software testing has many benefits. It is possible to save money by testing any IT project in a timely manner. It is cheaper to fix bugs that were discovered earlier in software testing. Security: Software testing is the most sensitive and vulnerable benefit. Trusted products are sought after by people. This helps to eliminate risks and problems sooner. Product quality: Software products must have testing. Customers receive a high-quality product only when testing is done. Customer satisfaction: Any product's main goal is to satisfy their customers. UX/UI Testing is essential to ensure the best user experience. Software Engineering Testing As per ANSI/IEEE 1059,Software Engineering Testing This is the process of evaluating a product in order to determine if it meets the requirements. This involves testing the features of the product to determine if they meet the requirements. Types of Software Testing These are the types of software testing: Usually, Testing can be divided into three types. Know more about Software testing, Visit: https://www.sevenmentor.com/software-testing-course-in-pune.php

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