How to allocate a bank transfer
Hi, I recently started on MYOB and opened a new business bank account with Westpac at the same time. I transferred the funds from the old bank into the new bank account. What do I alloca...
Forum Discussion
Hi ACM1
Thank you so much for your post and Welcome to the Community Forum! If a transaction on the bank feed hasn’t been entered in MYOB, you can allocate it to your MYOB accounts.
If you're not sure which accounts to allocate transactions to, we do recommend speaking with your Accountant or Bookkeeper.
This help article will give you more information about Allocating bank transactions
Feel free to post again, we're happy to help.
Cheers,
Earl
I'm looking for help here first. I'm sure others have transferred money between accounts and allocated it.
I would also like to know the answer to this!
Hi ACM1
Thank you for your response.
With regard to your issue on how to allocate this transferred money, since your newly set-up bank account picked up this transaction, I would suggest recording the transaction in your MYOB file as receive money in order to allocate it. For further information regarding your issue, please refer to this Help Article, Allocating bank transactions.
Please let me know if you need further help, I'm more than happy to assist.
Cheers,
Princess
