Forum Discussion

CPsyc's avatar
CPsyc
Contributing Cover User
3 years ago

Bank feeds and payroll

Hi there,

 

I have just started using bank feeds in MYOB. I have a clearing account and a transaction account (the latter is the one that staff are paid out of). I did the pay run as normal last week and paid my three employees. I transfered their pay manually from the transaction bank account. Now, in the bankfeed, I have the three debits showing up, but when I try to match them, there doesn't seem to be anyway to match them to payroll. Can someone please assist?

 

Thanks!

  • LRBooks61's avatar
    LRBooks61
    Ultimate Cover User

    Hi

    you don't say how you setup your payroll to pay your employees , nor if you can find the payroll transaction or not.

     

    have you paid employees as electronic payments?

    if you have, have you processed the electronic payment 

     

    if you paid them by cash or cheque what is the linked account?

     

    go to the payrun and see if you can see how it was setup to be paid and see which account it has been paid to

     

    hope that helps and if you need additional in setting up your payroll let us know

     

    Lisa

     

     

     

     

    • CPsyc's avatar
      CPsyc
      Contributing Cover User

      Thanks Lisa. They were set up as "cash". I wasnt sure if I need to change them to electronic transfer? It then asks for thier bank account details if I select that option. Is that the correct way to proceed?

       

      Essentially, I don't know how to get them to show up as potential matches when I do the bank feed. They just don't appear in the list there for me to match.

       

      Cheers

      • LRBooks61's avatar
        LRBooks61
        Ultimate Cover User

        Hi

         

        Go to accounting tab

        then into manage linked accounts 

        select payroll

        in the linked account for cash payments what account is it linked to?

         

        if it isn't the bank account change it to the bank account you want

         

        the payments will be sitting in that account , so if it is the clearing account allocate the payments in the bank feed to the clearing account, in the clearing account they will cancel each other out

         

        if you change the linked account to the bank account the future pays will how possible match

         

        if you want to set up the payroll to create an aba file to upload to your bank then electronic is the way to go and you need to set up the employee bank info in their cards and set up the bank account with the bank details also

         

        let me know if you want to go that way

         

        hope this makes sense and helps

         

        Lisa