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Bank Feeds

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2 Posts
Cover User
Cover User




Bank Feeds


Does anyone know if you can do a multi payment through the bank and then find it in the bank feed?

Thanks in advance


45,180 Posts
Former Staff
New Zealand
Former Staff




Re: Bank Feeds

Hi @Mel2013


Welcome back to the MYOB Community Forum, Its been a while.

AccountRight's bank feeds on the principle that you match one bank feed to one AccountRight transaction. If you have one bank feed transaction you basically need a way in which you can get AccountRight to show one transaction going to the bank account instead of multiple transactions. To do this you would use the Banking>>Prepare Bank Deposit (for deposits) and Banking>>Prepare Electronic Payments (for payments).

The way in which these windows work is that you deposit/pay into transactions into the window and then you collate those transactions into one bank transaction to the bank account. For example say I have 5 customers given me cash for their invoice payments of $100 each. You go to a walk to the bank you hand over the money to them and they bank it as one large payment $500. In AccountRight you would go through and process the customer payment as per normal depositing money to the undeposited funds accounts. When that money gets banked you would tick off the relevant transactions and deposit that money to the bank account. This will give you one transaction to the bank account for $500 which you can match to the $500 bank feed.

For more information into using Banking>>Prepare Bank Deposit please see Help Article: Preparing a bank deposit For more information into using Banking>>Prepare Electronic Payments please see Help Article: Electronic payments

Kind regards,

MYOB Community Support

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