Bank Feed and Electronic payments

Question

Hi&nbsp;Can someone please help meim now using bank feeds in a file and when i process my payroll - i process to electronic clearing account as a batch ( 5 Pays in total ) using an aba file i download ( when i prepare the electronic payment - i pay it from the main account 1-1110 i belive this is the problem but i cant select the Electronic clearing account from the drop down) , then when it comes into the bank feed it comes in as indivual lines , on the bank reconcilation screen it appears as one line - the only way i can clear the payroll it record from the bank feed as a spend money back to the the main bank account - this creates two lines on the bank reconiclation and allowed it to balance , i dont believe this is correct can some one please advise me how to fix this .&nbsp;

genreve_s · Answer

Hi Simjovi,&nbsp;
&nbsp;
Thanks for posting,&nbsp;
&nbsp;
If the bank feed is showing as individual lines then the payroll transactions should also be in an individual line,&nbsp;
&nbsp;
Generally, people using prepare electronic payment with the ABA file uploads the ABA file to the bank. If you do this but for some reason, the bank feed shows individual lines or you don't upload the ABA file to the bank then the payroll transactions should be processed directly to the bank account. What we are trying to accomplish is matching what happens from your bank (bank feeds) to what happens to the file. So if the bank feed shows individual amounts. we want to make sure we record the payroll transactions as individuals too.&nbsp;
&nbsp;
What we could do is edit the payment method of that employee to cash or cheque instead of electronic (Payroll &gt; Employee &gt; name of the employee &gt; payment details&gt; payment method). Make sure the linked accounts for the payment method are connected to the right bank account (Managing linked accounts). Then finally we should delete or reverse the pay run and redo it.&nbsp;
&nbsp;
If you have any other questions or need further assistance feel free to reply to this thread.&nbsp;
&nbsp;
Cheers,&nbsp;
Genreve

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