Bank Feed Error Message

Hi 

A suggestion

Rather than entering the till details as receive moneywhy not try entering an invoice

You record your daily sales as an invoice then receive the money through bank feeds

I see that your cash receipts include trade debtors and other debtors. That can be problematic also.

So with the bank feeds ( if I understand correctly)

You would recieve the debtors payments individually in myob ( to undeposited funds ) then record the one deposit to the bank to ensure it reconciles with your POS sale, on the seperate POS .

So the Sales over the counter are entered as an invoice (daily sales perhaps, and you can set up as recurring) to pick up the GST and GST Free transactions.

In the bank feeds the eftpos would be received against that invoice and any cash banked can be allocated at that time and also against several daily sales invoices.

The Debtors paid daily should be recorded against the outstanding invoices and allocated to undeposited funds and at the end of day deposited to the bank and matched to bank feed

Hope this is helpful

Lisa

Hi Beancountdr

Bank Feeds are the actual transactions on the bank.  Your journal is a summary.

In your Journal instead of using the bank account number use a clearing account, then either do a spend or receive money for the day from the clearing account to the bank for the amount that actually hit the bank.

Gill