Forum Discussion

Tillman's avatar
Tillman
3 years ago

Matching bills and bank feeds

Hi

 

I am a tradie sole trader business and have just started using myob 

 

I can create a bill from an invoice uploaded to intray, I also have set up my bank feed but I can't seem to find a link between the two. How will a Bill that I have created and paid via debit card from my bank account match the transaction ? and how do I allocate that transaction on the bank feed. 

 

Initially I thought that this would automatically happen. is that the case? 

 

Sorry if this is a silly question, it's doing my head in. 

 

Thanks

  • ChrisMYOB's avatar
    ChrisMYOB
    Former Staff
    3 years ago

    Hello Tillman 

     

    Welcome to the Community Forum. 

     

    Did you have the payment done before you created the bill within the software? As the bank feeds will normally automatically match to the transaction once they are in the system. 

    If not you will need to manually match the bank feed to the transaction, I have linked a Help Article on matching bank transactions with steps on how to do so.

     

    Please let me know how you go.

    • Tillman's avatar
      Tillman
      3 years ago

      Hi Chris 

       

      Thanks for the response

       

      I normally pay the invoices directly at the wholeseller by card, then I scan the invoice and later on I create a bill in MYOB with the invoice from the in tray. Is that the best way to do this? or should I just link the invoice to the bank transaction and forget about creating a bill. I am confused about that.

       

      I am worried that I am doubling things by creating a bill and then allocating the transaction without the system matching these two.

       

      I am trying to find a way so this happens flawlessly. It seems odd having to do the match manually when the bill is the exact same amount as the payment from the bank transaction. 

       

      Thanks

      • ChrisMYOB's avatar
        ChrisMYOB
        Former Staff
        3 years ago

        Hello Tillman 

         

        Sorry for the delay in my response. 

         

        the system should automatically be matching, if it isn't it might be that the option has been deselected. you will be able to check this by going to Banking > Bank rules and selecting the option Automatically match bank transactions to MYOB bills and invoices. 

        If it is already selected and the payments aren't automatically matching then you will just need to manually match them.

         

        If my response has answered your inquiry please click "Accept as Solution" to assist other users to find this information.

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