Trouble with categorizing Bank Transactions
I am hoping someone can help me with a few issues i am experiencing in MYOB I am relatively new to importing bank transactions using QIF file. Previously i would process everything through the re...
Forum Discussion
Hi Avisha23,
Thanks for explaining the pain point of your setup. This is usually due to how the payment was recorded.
If the bills were paid through Pay Bills, MYOB records each bill payment separately, so it won’t normally show as one lump sum for matching.
If you want one bank transaction to match one MYOB transaction, the easiest option is usually to use Electronic Payments and then Prepare Electronic Payments. That groups the payments into one total, which is much easier to match to the amount on your bank statement.
For the cheque and receipt numbers, it can also be normal for the Bank Register to show a general label like “Payment” instead of the supplier or customer name, depending on how the transaction was entered.
You can also check these help articles:
Matching a bank feed to multiple transactions
Regards,
Genreve
