Forum Discussion

Ren28's avatar
Ren28
User
3 years ago
Solved

Spend Money - Multiple entries

Hi I've recently started the Myob Business version after many years on Premier 12.  When allocating daily expenses which formed part of Directors Drawings I would just go through Bank statement and ...
allocatemultiple
Spendmoney
  • Tracey_H's avatar
    Tracey_H
    3 years ago

    Hi Ren28 

     

    Just wanted to add that it's not possible to hide bank feed transactions in MYOB Business. Your options for handling the directors drawings are:

     

    1. create bank rules as advised by Lisa ( LRBooks61 )
    2. or, bulk allocate the bank transactions to the directors drawings account

    To bulk allocate transactions to the same account:

     

    1. in the Bank transactions window tick all applicable transactions
    2. click Allocate
    3. select the Account
    4. click Allocate

    Please let us 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.

Tracey_H's avatar
Tracey_H
Former Staff

Hi Ren28 

 

Just wanted to add that it's not possible to hide bank feed transactions in MYOB Business. Your options for handling the directors drawings are:

 

  1. create bank rules as advised by Lisa ( LRBooks61 )
  2. or, bulk allocate the bank transactions to the directors drawings account

To bulk allocate transactions to the same account:

 

  1. in the Bank transactions window tick all applicable transactions
  2. click Allocate
  3. select the Account
  4. click Allocate

Please let us 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.

Ren28's avatar
Ren28
User
3 years ago

Hi Tracey, Thank you for your response. I understand the bulk allocation but was trying to avoid keeping the small amounts all visible. ( ATM Card and Paypass currently being used by 2 people). I was hoping there was a way to just group 10-12 transactions to reach an amount required, copy to 1 Spend Money transaction and allocate 1 total.  

Regardless it looks like I need to restructure the bank accounts for new Financial year and allocate a weekly amount to Directors to spend on their own cards in order to prevent all these multiple transactions. 

 

  • IanChait's avatar
    IanChait
    Ultimate Partner
    3 years ago

    Hi Ren28 

     

    It's best practice not to use business bank accounts for personal expenses. 

     

    I would try encourage the directors to stop doing this.