Hi,
1. Holding Account
2. Holding Account
Hi mayfield
Thanks for confirming. The accounts being the same would be why you are seeing the pay runs in the Bank Deposit window.
The transactions that show in the prepare bank deposit will show any transactions coded to that Holding Account that has been linked.
For a more detailed explanation on how linked accounts work, please refer to our Support Article on the topic: What are linked accounts?
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
Hi,
I've attached a copy of the payroll linked accounts, I'm not sure what is wrong with it.
I need each pay to go into the Holding Account, and then when I do the PrePare Bank Deposit - I need it to come out of the Holding Account and be recoded as a lump sum in the main bank account. It is doing this correctly at the moment.
So how do I do it differenty?
Hi mayfield
As mentioned in the Help Article I provided earlier, the explanation for Bank Account for Cash Payments is as such:
This is the bank account from which you withdraw cash to pay employees. This includes employees you pay by manually transferring funds into their bank account (not via bank file or direct payments from AccountRight). Amounts will be posted to this account when you record a pay run, based on the employees whose Payment Method you've set to Cash. Alternatively, this can be a clearing account that helps you track the total cash that needs to be withdrawn from your bank account.
As you have selected a clearing account instead of a bank account, then that is why it is showing those pays under Prepare Bank Deposit.
The system has seen that you have put the holding account as the clearing account for the pay runs, so it has placed it in the list of transactions available when you are looking at the Prepare Bank Deposit window.
If that is not correct, I recommend choosing a different account for that linked account.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
