82 Comments
- jenniekUltimate Partner
I agree David - however Essentials allows multiple matching - so why not AccountRight.
Also the issue of using the electronic payments account for prior days processing is not ideal - basically you can't do it. So for someone doing catch up processing, they need to have another bank clearing account to get processing correct - a lot of extra time spent - when matching multiple transactions would be easier and quicker.
- David_CreeUltimate Partner
Hello Melanie,
I would be using the Prepare Bank Deposit and the Prepare Electronic Payments features in MYOB to help to resolve the issues you appear to be having.
Do Receive Money entries for each customer using the correct Card. Select the Undeposited Funds as the Bank account for the deposit.
Then use Prepare Bank Deposit. select all the amounts and this should equal the total amount received. Select the Bank account that the funds have gone to.
The total will then appear in the Bank account and enable it to be matched to the Bank Feed amount.
A similar process is used for multiple payments that you make to suppliers using the Electronic Clearing Account, even if you do not send the ABA file to the bank but use ComBiz.
You have said that your customer pays the invoice but the bank shows it as one or 2 receipts. I think that this is not the bank doing this but your customer who may have a daily limit on what can be transferred and so makes it in 2 or 3 payments. If this is the case you need to check the individual amounts received and make the appropriate Receive Payments for each ammount & date, rather than just receiving the total amount that the customer advised. You will then be able to match the individual Bank Feed amounts.
For more details on using Undeposited Funds, Prepare Bank Deposit amd prepare Electronic Payments see these MYOB Support Notes -
http://myobaustralia.custhelp.com/app/answers/detail/a_id/9080/kw/9080
http://myobaustralia.custhelp.com/app/answers/detail/a_id/9244
Cheers
David
- KattCFormer Staff
Thank you for your feedback jenniekThe normal process for an Idea posted on Ideas Exchange would go through a few stages. We would mark the post as "Under Consideration" and encourage users to vote and comment for this idea. If the idea does generate a number of votes and comments we mark it has high demand meaning we will investigate and attempt to implement that idea ahead of other ideas with lesser demand.
As of today the idea exchange have had 66 ideas implemented from it and some of the ideas have been marked as Planned.
We currently don't have a timeframe as to when this is to be included in the program. However I would encourage other members of the MYOB Community to vote and comment if required.
- jenniekUltimate Partner
This was first posted in 2013 - and has been under consideration for a long time. Are we any closer to getting this option??
- KattCFormer Staff
Thanks for the great suggestionmelslade I agree that coding payments to more than one transaction in bank feeds is a good feature to have and it does have potential to disrupt workflow the way it is. Anyone else who would like to see Bankfeeds able to be split to multiple transactions, please cast your vote here.
- melsladeContributing Cover User
I agree with this idea wholeheartedly!!!!! I currently pay multiple bills in one lump transaction through commbiz and am unable to match multiple myob transactions to this one payment. Alternatively I have multiple client payments which are deposited as one lump sum at the bank and entered accordingly into myob as a single deposit but the bank decides to split the deposit into two or 3 amounts. I am unable to match these in bank feed. Bank feed is a great concept and would be an excellent if you implement the suggested change but as it stands it is simpler and quicker to do a manual reconcilliation.
- NazhatCover User
We use another system for deliveries and debtor management. For Accounting purposes, I post a weekly sale total from that system.
Bank feeds are bringing in individual sales. Is there a way of ticking many receipts from different customers and applying to 1 debtor account???
- Kelly81Experienced Cover User
Currently we are unable to link one bank transaction to multiple transactions in account right and we need this ability.
I.e. for example one incoming capital transaction relates to multiple journals in account right.
MYOB response was as below:
The Bank Feeds in AccountRight Live have a 1 to 1 relationship with the transactions it matches too. This means that one transaction entered into AccountRight can only be matched to one Bank Feed. Conversely, one Bank Feed can only be matched to one transaction.
This means you would need to create a separate transaction for each of the deposits.
- David_CreeUltimate Partner
Hello Kelly,
You can set up a rule for the anticipated account that the charges are to be allocated to.
To do this when setting up a rule select the Show Advanced Options. Then setup for the accounts. As the amount varies each time you will need to setup zero amounts with the last account showing remainder.
You will the approve the transaction, and then click on the little blue arrow to open it so that you can allocate the transaction to the correct accounts.
I hope this helps.
Cheers
David
- jenniekUltimate Partner
Hi there Kelly81 The clearing accounts of undeposited funds and electronic clearing are there to group transactions together to become the one amount to match to the bank feed.
If a client doesn't use/need the electronic feature for the bank, then I create another account called clearing withdrawals and get them to clear through this account - allowing transactions to have their correct date.
- EastsideExperienced Cover User
I don't want to set up yet another alternative to processing my payroll, I just simply want to be able to match transactions via Bank feed whether that be single to multiple or vice versa. Nor do I want to keep hiding transactions - MYOB should allow me to operate how I want it to in the simplest and straightforward manner possible as I am not a professional bookkeeper nor accountant just a family member in a small family business where I have many 'hats'!
PLEASE amend Bank feeds to allow me to match single bank transactions to multiple MYOB (payroll etc) in one step not via journal entries nor by setting up another process with the bank - the less contact I have with our bank the better it is for my sanity!
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