QB Issue Resolution:

You need to send payroll a day earlier than usual. To get your employees to be paid by January 3, 2019, send your payroll today (Monday) December 30, 2019 before 5:00 PM PT.

 

You can visit this article for guidance when processing direct deposit payroll: How will Federal banking holidays affect my direct deposit processing?.

 

For future reference, I’m adding some articles that you may find helpful:

Resolution for Issue 'What day should I process payroll in order to have employees’ direct deposit in their accounts by this Friday? (This is our first payroll with QB)What day should I process payroll in order to have employees’ direct deposit in their accounts by this Friday? (This is our first payroll with QB)' available: Yes (Solved).
Source: Intuit Community forum.

What day should I process payroll in order to have employees’ direct deposit in their accounts by this Friday? (This is our first payroll with QB)What day should I process payroll in order to have employees’ direct deposit in their accounts by this Friday? (This is our first payroll with QB): this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

Support for Direct Deposit
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Error Recovery for Direct Deposit [Canada]
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