Bank Feeds not daily
Some businesses work 7 days per week, banks are now operating 7 days per week but MYOB is still lagging behind by not ptoviding bank feeds every day.
When will MYOB actually reflect the way businesses & banks operate???
Forum Discussion
Hi FIFO,
The frequency at which you receive bank feeds depends on how often the banking institution's systems send out the bank transactions. Generally, most institutions send bank feeds daily, meaning transactions processed today will be loaded the next eligible day, excluding weekends. However, some banks may send feeds on a monthly or fortnightly basis. You can check the specific frequency for different institutions by visiting this link.
Regards,
GenreveHi Fifo,
Having worked with some software that requires the automatic delivery of a customer’s bank account transactions via a file to be able to process the transactions, I am 99% sure this is not an MYOB issue and is dependent on the bank delivering the file.
A few banks will supply a bank file with the previous days transactions every day, NAB from memory are one who will do every day. Others (seemingly most) will not supply files for the weekend and also public holidays.
This means you can/may get a file on Saturday containing Friday’s transactions and then not get another file until Monday with Saturday and Sundays transactions.
The banking industry are not that great at moving with the times unless it is putting in systems that can charge fees.
