Setting Up Electronic Payments and Reconciling in Bank Feeds

Hi CBell 

Generally speaking, whichever account is linked as the bank account for electronic payments acts as a holding account to prepare the aba files. So when using the Prepare Electronic Payments, the pay from account is the real world account that you want the funds to come out of. Its also worth noting that the prepare electronic payments functionality is designed to amalgamate multiple individual transactions into a single transaction

Depending on your bank and how they load the bank feeds transactions it will either be as a single amount or individual transactions. This is entirely up to the bank, we don’t have any control over that.

On the bank feeds window within AccountRight, each match works on a one to one match. So if the transactions coming through on the bank feeds are individual amounts, to have them match the transactions the transactions in the bank account needs to be individual amounts.

As the electronic payment will show in the bank account as a single amount, you have a couple of options. The first is to go into the Reconcile Accounts window and tick the bulk payment, before going in the bank feeds window, right click on the transaction and choose the option Hide Transaction.

Alternatively you could delete the one individual bulk electronic payment and prepare individual transactions for the amounts. This would allow the transactions to match