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!
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
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
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
