qwerty's avatar
qwerty
User
10 years ago
Status:
Open

Setup: Prepare Bank deposit feature

For more than seven years I used I used the desktop version of MYOB. It has the VERY USEFUL "Prepare Bank Deposit". I was convinced to use MYOB Essentials as it would allow me to get invoicing done quicker but with the current TAKE PAYMENTS issue and the lack of the Prepare Bank Deposit, I'm considering going BACK to the OLD FASHIONED way. PLEASE FIX THIS or else I'm going to have to pay my bookkeeper again to do the Historical Balancing when converting FROM the cloud based system BACK to the Old Fashioned way. If you ask me, you shouldn't have ever taken out the most useful function in transfering money from one account to another.

 

I know I can do it using Journal Entries but really.... every time I do it, I have to refer to previous entries so I know what column to put each enty in (CR/DR)

 

"prepare bank deposit"

Banking
prepare bank deposit
T:Banking and Ledger

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  • AlanT's avatar
    AlanT
    Ultimate Partner
    10 years ago

    Hi qwerty 

     

    How are your customers paying you?  EFT direct deposit or cash/cheque?

     

    If you are using bank feeds in Essentials, when the deposit to your bank account appears in the bank feed, you can allocate it at that time.

     

    I'm aware that you are experiancing some issues selecting customes from your iPad and if you are unable to select the customers there, I suspect that it is the same issue with your iPad not the software.

     

    Regards,

     

    Alan

     

     

  • UCC's avatar
    UCC
    User
    11 years ago

    Hello  IdeaExchange,

    after previously using Business Basics and upgrading to online Essentials, i would like to see the Prepare Bank Deposit feature made available in this online software.

     

    This feature was fantastic for easily preparing cash deposits and transferring into my main cheque account and keeping a record of all the transactions being deposited into this account.

     

    Currently there is only a "Transfer money" option which only provides the ability to enter the transfer amount therefore not keeping an itemised record of what transactions have been transferred.


    The Prepare Bank Deposit Report would then keep an itemised list of transactions ideal for auditing purposes.

     

    Thanks,

     

    UCC

    • qwerty's avatar
      qwerty
      User
      10 years ago

      I agree. Apparently you can do journal entries also to do it but I'm still learning that. I used to use PREPARE BANK DEPOSIT for entering payments from customers. All our sales we're put into a cash drawer/petty cash then itemised expenses were added to the transaction and a bank deposit was made. This worked for payments made by cash or credit card/EFTPOS. IT WAS EASY,