Forum Discussion
Hi tsmr783
Thank you for your post. When you create an electronic payment, it is simply creating a document with all the information that is in a readable format for the bank to use. For the specifics related to uploading the file and if it goes through the NPP system, that would be a question for your financial institution.
As for the bulk payments, when you create an electronic payment, you do not need to pay every bill at the same time, so theoretically you could mark the bills as electronic, then at the end of the day, download the bank files for the 50 bills as separate files, but then upload them all at the same time.
Doing it this way might also make it easier to make the payments from a data entry point of view, by not requiring to copy and paste the bank account numbers and amounts each time.
Hope that helps and if you have any further questions let me know.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
Looking for something else?
Search the Community Forum for answers or find your topic and get the conversation started!
Find technical support and help for all MYOB products in our online help centre
Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.