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January 2023
January 2023
When an employee has two bank account the new version is not allowing me to allocate the bank accounts to coincide with that pay period
January 2023
January 2023
I also have this problem
I have contacted MYOB and no one is willing to help.
I was able to match these before the upgrade very frustrating
January 2023
January 2023
Hi @limtr
Thanks for your post. The Help Article, Split a pay between accounts, has detailed instructions on how to set up and process pays split between bank accounts.
For pays that have already been processed and paid, it's not possible to match two bank feed transactions with one pay transaction. You would need to reverse and reprocess the pay using the method in that Help Article. The other option is to reverse the pay and reprocess as two pay runs so the net amounts match the amounts of each bank feed transaction.
Please let me know if you need further help.
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.
Cheers,
Tracey
Previously @bungy15
MYOB Community Support
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February 2023
February 2023
We have an employee who has two bank accounts - 1 is a fixed amount and the balance varies.
To manage this we made the fixed amount a deduction.
However, the net pay cannot be matched to the bank feed. eg. The net pay on the payslip shows net - deduction but the options for matching the bank feed includes the deduction.
This is obviously a programming error.
February 2023
February 2023
Hi @KayeC
To split an employee's pay between two accounts, in the employee card>>Payment details select Electronic as the Payment method, select the number of bank accounts and enter the account details. For a fixed amount into one account change the Value to Dollars in Bank account 1 and enter the fixed amount. The balance of the net amount will be automatically paid into Bank account 2:
Process the pay run as normal. Then:
Deductions are amounts withheld from employee pays and paid to a third party, so the software is correctly reducing the net amount by the deduction. If you used this method and manually transferred the wages into two bank accounts in Bank transactions you would have:
Cheers,
Tracey
Previously @bungy15
MYOB Community Support
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February 2023
February 2023
February 2023
February 2023
Hi @KayeC
The bank feed transaction for the balance is matched to the pay transaction.
I've used the Child support deduction in the following example. The pay transaction has a net amount of $519 which is gross $602 less PAYG $58 less Child support $25:
In Bank transactions the bank feed is matched to that pay transaction:
The second bank feed transaction for the deduction amount is allocated to the deductions liability account:
Please let me know if you need further help.
Cheers,
Tracey
Previously @bungy15
MYOB Community Support
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February 2023
February 2023
That's perfect and exactly as we would hope.
But...
The deduction shows on our payslip leaving a reduced balance as per your example.
However, the 'Match transaction' pulls up the wrong amount
February 2023
February 2023
Hi @KayeC
When you click on Match transaction, the pay transactions are listed for matching. Can you send me a screenshot of the Bank transactions window and the pay transaction, in Bank transactions click on the purple reference no to open the pay transaction. Make sure sensitive information is removed from screenshots prior to posting on the Forum.
Cheers,
Tracey
Previously @bungy15
MYOB Community Support
Online Help| Forum Search| my.MYOB| Download Page
Did my answer help?
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February 2023
February 2023
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