1 Bank transaction = 2 MYOB transactions : How do I match the bank feeds?
Company data auditor likes Payroll Liabilities paid through that specific function in the payroll area. But when paying a quarterly BAS, GST and PAYG together in one bank transaction, it proves difficult to match the one bank payment to the 2 MYOB transactions that make up the BAS payment. Is there a way around this other than hiding the transactions in bank feeds and manually reconciling.
Welcome to the MYOB Community Forum, I hope you find plenty of useful information.
As the bank feed need to be an exact amount to match the only way to match multple transactions to a single transaction is to use a clearing account like Undeposited funds.
Make all the multiple transactions paid from the clearing account and the single bank feed transaction entered as a spend money from the bank to the clearing account.
For Payroll this can be auromated just make sure all pays are "paid method" cash where you have the account for cash payments setup as the Payroll Clearing account and set a rule in bank feeds as well.
