Payroll Linked Accounts Issue
Hi,
we have a company that has 7 store locations and each location has its own bank account. Each employee is paid out of their relevant store bank account. We do not use MYOB to do the payments electronically and the employees are set up as Cheque payment. The issue I have is that the linked cheque account can only pick 1 bank account and as we have 7 accounts where the employees all get paid from a different bank account how would I get around this and ensure that all payments aren't allocated to just 1 bank account. What account should I use to set up in the linked payroll for Cheque payments?
Sarina
Hi Sarinabek
Another option would be using a payroll clearing account. Make the clearing account the linked account and after pays are processed record a Transfer Money transaction from the applicable bank account to the clearing account.
Cheers
Tracey