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Rubes's avatar
Rubes
Experienced User
4 years ago
Solved

Undeposited Funds Account

Hi,

 

In error I processed a superannuation payment through my "Undeposited Funds Account" (instead of my bank account).  MYOB prevented me from deleting the transaction so instead I processed a reversal.  I now have the two (offsetting) transactions (both with ID No.’s PS0000…) appearing each time I Prepare a Bank Deposit however I am prevented from selecting (ticking) them so they cannot be cleared.

 

Advice would be appreciated.

TIA

  • Tracey_H's avatar
    Tracey_H
    4 years ago

    Hi Rubes 

     

    Thanks for your post. As these transactions are Pay Super transactions you won't be able to clear or edit them so that they can be cleared from the Prepare Bank Deposit window. Your options would be to either leave them there or create a new Undeposited Funds bank account. If you did want to create a new account, make sure you record all transactions in the Prepare Bank Deposit window first and then link that new account in Linked Accounts

     

    Those transactions will still be allocated to the original Undeposited Funds account but as there is a debit and credit for the same amount, they clear each other out. And the Prepare Bank Deposit window will use the new account to filter transactions.

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

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  • Tracey_H's avatar
    Tracey_H
    Former Staff
    4 years ago

    Hi Rubes 

     

    Thanks for your post. As these transactions are Pay Super transactions you won't be able to clear or edit them so that they can be cleared from the Prepare Bank Deposit window. Your options would be to either leave them there or create a new Undeposited Funds bank account. If you did want to create a new account, make sure you record all transactions in the Prepare Bank Deposit window first and then link that new account in Linked Accounts

     

    Those transactions will still be allocated to the original Undeposited Funds account but as there is a debit and credit for the same amount, they clear each other out. And the Prepare Bank Deposit window will use the new account to filter transactions.

     

    Please let me know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.