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Reconciliation - Bank Feed screen

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StephAOPE
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Reconciliation - Bank Feed screen

Is it possible to allocate multiple payments to one deposit amount in bank feed window - not necessarily to same customer name?

 

I know it can be done in the standard reconciliation window but it would be good to be able to do it through the fast rec screen.

We have several customers with a holding company that pays the accounts but one payment may spread across 5 cards. This also applies with merchant banking.

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CloudMindAcc
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Re: Reconciliation - Bank Feed screen

Hi StephAOPE

 

No you can't allocate a bank feed RULE to various customers.   You would have to process the receipts for each card to the undeposited funds account and then complete a bank deposit for the 5 individual payments.   Then the total amount of the bank deposit will match against the bank feed.

 

Hope this helps


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Kelly81
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Re: Reconciliation - Bank Feed screen

I have already submitted an idea for this. Please add your vote to mine.

 

http://community.myob.com/t5/AccountRight-Idea-Exchange/One-Bank-Feed-Item-To-Multiple-AR-Transactio...

 

MYOB can you please mark this as a duplicate.

David_Cree
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Re: Reconciliation - Bank Feed screen

Hello Stephanie,

I would do the following -

Do Receive Money Payments for each customer against the invoice. Select the Undeposited Funds as the Bank account for the deposit.

Then use Prepare Bank Deposit. select all the customer 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.

 

For more details on using Undeposited Funds and Prepare Bank Deposit see this MYOB Support Note - http://myobaustralia.custhelp.com/app/answers/detail/a_id/9080

 

Cheers

David

DAVID CREE
MY Business Locum MBA, LCGI, MICB
MYOB Certified Consultant
Ph: 0418 622 163 Fax: 08 8362 2163
mybl@senet.com.au
St Peters South Australia
StephAOPE
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Re: Reconciliation - Bank Feed screen

Thank you. I was aware of this option just wanted to cut out a step I guess.

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