Batch Payments from 2 bank accounts

DebElliott

Hi

Can someone please assist with my query, my client has two separate bank accounts and wants to be able to do batch (aba) file payments from either account.  Can this be done in MYOB. If so how do I do it 

EG:  Do I have to set up 2 separate electronic clearing accounts? 

Sorry bit confusted.

Thaks

Debbie

Yanike_S

Hi @DebElliott 

 

Thanks for your post. AccountRight will only allow for one Linked Account for Electronic Payments - typically the Electronic Clearing account. 

However, I still think AccountRight can achieve what you are after. Basically, in short, when you mark a transaction as electronic it will place it against the Linked Account for Electronic Payments so it appears in the Prepare Electronic Payments window. You can then tick the transactions off and process them to through to the desired bank account.

 

So, in your case, you want to have a second bank account for paying those electronic payments. As such, when you want to process an electronic payment to the second account, you just want to ensure that account i.e. that second savings account, is selected as the Pay from Account in that Prepare Electronic Payments window when making that payment. You'll also need to ensure you have entered the banking information for that respect bank account in the Accounts>>Accounts Lists>>Select the account -- Banking tab.