New bank account not showing in payment method in wages
I've set up a new bank account - it's been added in bank feeds and is up & running. My issue is that it doesn't show as a bank account in the payment method within wages, so I can't choose it as the bank to pay out of. I havent set it up as the Undeposited Funds or the Electronic Clearing Account, I just added a new bank account. All the details are the same as our other 2 bank accounts except I can see it isn't ticked as a Linked when I look at it in Accounts. I have gone into Setup - Linked Accounts - Accounts & Banking, but I can't see anywhere where I can add it in. This will beour 3rd trading account. Please help!
Hi FixMyBooks
The Pay from Account for payroll transactions is linked to the payment method of the transaction that is used. You can set the linked account for a payment method via Setup>>Linked Accounts>>Payroll Accounts - Bank account for xxx payments - xx being the payment method (cash, cheque, or electronic).
So in your case, if my recommendation would be to make sure that the account you wish to use is the one that is listed as one of the linked payroll accounts. Once that has been done, you can select that payment method on the employee's card (Payment details) or within the Pay employee window when you pay the employee to use that account.
Note: I have assumed that you have checked to ensure that the account is listed as active and has the account type of Bank in the Accounts list.
