Forum Discussion

Advocacy1's avatar
Advocacy1
Experienced User
6 years ago

Bank Feeds

I have just started using bank feeds and the person on the MYOB chat is telling me you can’t reconcile multiple payments, I find this hard to believe.    I have multiple payment coming out of the b...
  • Steven_M's avatar
    Steven_M
    6 years ago

    Hi Advocacy1 

     

    Currently, AccountRight bank feeds work on the principle that you match one bank feed transaction with one AccountRight transaction. If you do have multiple bank feed transactions you would be looking at recording those transactions individually in AccountRight (so have a one for one situation).

     

    Alternatively, as you know those bank transactions make up that individual payment go to Banking>>Reconcile Accounts>>Enter in a bank statement date and account before ticking the required AccountRight transaction. This would make that transaction as cleared for your next reconciliation.  You would just need to deal with the bank feed transactions which you would be looking at hiding  - right-clicking on them individually and selecting Hide Transaction.

Jenni65's avatar
Jenni65
Contributing Cover User

I did what was advised and “hid transaction “ in bank feed. It disappears ok but shows out of balance for that amount. Will that disappear at the end of the month when I reconcile?

Steven_M's avatar
Steven_M
Former Staff
5 years ago

Hi Jenni65 

 

Generally speaking, that out of balance will be generated by an AccountRight transaction not being in place to represent that bank transaction. This ideally will be picked up with you complete the reconciliation through Banking>>Reconcile Accounts. 

Should it not resolve that out of balance I would recommend reviewing Help Article: Resolving out of balance bank reconciliations.

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