Bank feed deposit

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Bank feed deposit

How do I allocate a bank feed deposit to an account plus match the balance to invoices?

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MYOB Moderator
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Re: Bank feed deposit

Hi @NickiBlake 

 

With your MYOB Essentials, you can only use allocate or match a bank feed transaction. You are not able to match a portion of the transaction and then allocate the rest.

 

However, what I would be doing is manually creating the bank transaction i.e. Banking>>Receive Money and then create that transaction. You can then use the match option to match the bank transaction to the invoice and the manually created banking transaction.

Kind regards,
Steven

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Re: Bank feed deposit

Hi Steven

Thanks for the reply but I'm still confused!  I've created 3 deposits using the "banking, receive money" function.  The first deposit is fine as I can allocate that to an account.  The next two deposits I need to allocate against customer invoices but there doesn't seem to be an option to do this?  And now I also have a double-up in bank receipts as I have the bank feed amount + the 3 deposits I've created??  Help!  Thanks.

Nicki

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MYOB Moderator
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Re: Bank feed deposit

Hi @NickiBlake 

 

I would more look at the bank transactions and what they are for.

  • If those transactions are for a customer payment then you would be looking at entering a Sales>>Take payment transaction in.
  • If it is a situation where you need it to be allocated to an account you would need to enter a Banking>>Receive money transaction.
  • If it is a combination i.e. a bank transaction is 75% a customer payment on an invoice and 25% needs to be allocated to an account, then enter the Take payment transaction in for the required amount and also enter in a separate Receive money transaction in for the required amount.

Once you have manually entered those transactions you should be good to go to match the MYOB Essentials transactions with that on the bank transactions.

Kind regards,
Steven

MYOB Community Support

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