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MichaelEFM's avatar
MichaelEFM
Contributing Cover User
4 years ago
Solved

Automatic Allocation of Bank Feeds

I have noticed that since the last upgrade we now have deposits to our bank account being automatically allocated to open sales invoices that we have in our system. 

 

Ordinarily this would be considered a good thing because it saves time matching deposits to your sales invoices, my problem is that we operate a business where the vast majority of our invoices are prepared on behalf of other businesses and we need to know when each invoice has been paid so that we can forward the payment on to the other business.

 

We don't have any rules set up to automatically allocate bank feeds to sales invoices so I am guessing this a system wide upgrade and I am wondering if there is a way to turn this functionality off for our business.

 

Thanks

Bank feeds
Banking
  • Steven_M's avatar
    Steven_M
    4 years ago

    Hi MichaelEFM 

     

    With some recent updates, additional preferences have been added with regards to  Bank Feeds. These can be enabled (or disabled) through - Setup>>Preferences>>Banking

     

    • Auto-approve bank transactions matched to MYOB transactions
      • Auto-allocate bank transactions to outstanding MYOB invoices or bills

    If you are not wishing to have that auto-allocation of MYOB invoices or bills, do navigate to that preference window and disable that bottom preference.

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  • Steven_M's avatar
    Steven_M
    Former Staff
    4 years ago

    Hi MichaelEFM 

     

    With some recent updates, additional preferences have been added with regards to  Bank Feeds. These can be enabled (or disabled) through - Setup>>Preferences>>Banking

     

    • Auto-approve bank transactions matched to MYOB transactions
      • Auto-allocate bank transactions to outstanding MYOB invoices or bills

    If you are not wishing to have that auto-allocation of MYOB invoices or bills, do navigate to that preference window and disable that bottom preference.

    • RJR's avatar
      RJR
      User
      4 years ago

      Hi Steven,

      having the same issue with automatic bank feed, checked the preferences as you suggested and the box for Automatic Matching is not ticked.  Is there another way of disabling this function?

      Cheers

      Roger

      • Steven_M's avatar
        Steven_M
        Former Staff
        4 years ago

        Hi RJR 

         

        When the company file is stored online with AccountRight, users would automatically have the bank feed transactions loaded into the company file i.e. there is no requirement to select Get Bank Transactions. 

        In terms of automating the process of matching and allocating, the Banking preferences outlined in my previous post on this thread will control whether or not the transactions are auto-approved and auto-matched. This is in addition to the rules set up with the company file which would be applied to those incoming bank transactions.