Hi Everyone,
I did a regular supplier payment in MYOB but a few days later this happened.
In the Bank Reconciliation session my payment to the supplier is still sitting there. which i think should not be the case. i went to check the GL and there is a GL that says DR bank clearing account CR BANK. This BANK is exactly what i am reconciling.
I did quite a few payment before and this did not happen.
I appreciate any sort of help.
Thank you
Clyde
Hi Clydegao
Generally speaking, when you look at your bank account you should only have one transaction for a supplier payment (a withdrawal - credit).
If you have a secondary deposit, I would be checking your linked accounts are set up correctly. Ideally, you want to check out Accounting>>Managed linked accounts>>Purchases, in particular, the Liability account for tracking payables. This should be set to an individual account like the Trade Creditors. If that is set to a bank account, you'll find when a payment is made it will be generating a deposit and withdrawal as you are impacting both accounts with the one transaction.
Please note: If you have incorrectly set up the Liability account for tracking payables, you would be looking at deleting all payments and purchases before updating that account and redoing. This ensures that you don'y encounter an reconciliaiton errors in the future with that payable side of things.
