HI, please can I have someone help me. I've created payroll from Electronic Clearing Account, then Prepared Electronic payment from the bank account the payment will be made from. When the transaction comes through on bank feeds I then 'Spend Money' and allocate to the Electronic Clearing account. That is clearly wrong as i have an extra transaction (this one) showing up in my Electronic clearing account. Can someone please tell me where I'm going wrong. Thank you.
hi Natalie-Lee
if you a creating a true ABA file in MYOB and uploading to the bank then MYOB would have already recorded the transaction for you prior to creating your ABA file.
You should then be able to match the transaction when it feeds through, if it doesnt automatically match it for you.
Hi Natalie-Lee,
Thanks for posting.
It's as Julie_A_C has explained, by generating the ABA file the program automatically records the electronic payment. Generally, if the date of the electronic transaction is accurate the bank feeds would automatically match it to the transaction as it recognizes the correct amount with the correct date easily.
Here is a Help Article Making electronic payments with a bank file that will serve as a guide in case you need more information regarding electronic payments.
If you need further assistance or have any other questions feel free to reply to this thread.
Cheers,
Genreve
