There are TWO locations where you need to change the bank account information.

1. The first is in PAYROLL SETTINGS under BANK ACCOUNTS.

2. The second is at the bottom of that page under ACCOUNTING. Click the pencil on that line to edit, and it opens a new page where you can update the account the QB posts the transactions to. It is under Paycheck and Payroll Tax Payments.

IMO it is ridiculous that QB has 2 separate places to set this information with no warning to update both. Obviously we all want the transactions to post to the bank account we update on the settings page. At the very least, there should be a bright red warning when you update those settings that you also need to click on the ACCOUNTING SETTINGS and update those as well.

QBO is made for non-accountant small business folks. I can't believe they assume we will all know to make the change in both places.