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Payroll Linked Accounts Issue

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Sarinabek
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Sarinabek

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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

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Trusted User Robert_Mitchell
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Robert_Mitchell
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Re: Payroll Linked Accounts Issue

Maybe if you use Electronic payments then when you go to Prepare Electronic Payments, you can choose the relevant Pay From Account at this time. You don't have to actually use the subsequent .aba file you create if you don't want to but you should be able to, as long as the Direct Entry User ID is correct for each Bank Account code. 

 

Cheers

Robert

Ultimate Cover User bungy15
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bungy15
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Re: Payroll Linked Accounts Issue

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

Sarinabek
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Sarinabek

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Re: Payroll Linked Accounts Issue

Thanks for your assistance @Robert_Mitchell  & @bungy15 . Very helpful.

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