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I have spent hours with MYOB Support trying to work on this issue. After waiting a very long time for support both through chat and telephone, I was given unsatisfactory answers. I hope someone can help me here..
I have a customer who was charged an invoice plus a surcharge fee.
The invoice amount was $405.35.
The surcharge was $7.30.
Total - $412.65
The customer paid the invoice online totalling $412.65.
The invoice on MYOB states that it is paid (Payment received CR000XXX Received $405.35).
The bank feed is showing a payment of $412.65 (MYOB PAYBY MYOB000XXX).
I am unable to allocate the payment of $412.65 in Bank Feed Transactions to the invoice. The invoice does not show up in the Match Transaction list as the invoice is already marked as paid by MYOB (Payment received CR000XXX Received $405.35).
So, I try to delete the Payment Received so I can allocate the Bank Feed Transaction of $412.65 to the invoice through the Match Transaction tab, but I am unable to delete the Payment Received (payment) and an error message comes up (Something went wrong. Please try again or refresh the browser. Please try again. If the error persists, get in touch with us. Request ID: xxx...)
I have tried deleting and redoing the invoice, but the same thing happens as above. MYOB will automatically allocate the $405.35 payment to it and I still cannot delete the Payment Received that MYOB has recorded against the invoice.
I still have the transaction of $412.65 on my Bank Feed that I cannot allocate to the correct invoice.
Can someone please assist?
Despite all the time I spent with MYOB support, I was not given a solution to this issue I am having. I am quite frustrated with the new MYOB update - even with so much time spent working with the new software, it all seems quite muddled and everything seems to take so much longer to complete. I am seriously considering moving to another accounting software.
Thank you for your support,
Thank you for your post. May I extend a warm welcome to the MYOB Community Forum.
The payments that you receive will be recorded as unmatched and the surcharge fees will be recorded under the ledger account you chose (you chose an account when you turned on surcharging). The surcharge amount will have the same reference number as the received payment, but with an additional 'S' at the end. To summarize, this means they are separated at first.
For example, say you received two online payments on Monday and each transaction will be listed as unmatched. MYOB will deposit the total of the two payments overnight into your bank account as one lump sum. Now on Tuesday, you should be able to match the deposited transaction that will appear on your bank feed and bank statements.
Please feel free to post again. I'm happy to assist further.
If my response has answered your enquiry please click "Accept as Solution" to assist other users in finding this information.
Thanks for your reply.
I understand that the surcharge amount will have the same reference number as the received payment, but with an additional 'S' at the end.
Unfortunately, when I go to allocate the lump sum payment in bank transactions, both the required transactions do not appear together and I am unable to select the corresponding transactions.
For example, when I am going to allocate the deposited lump sum payment of $412.65 only the invoice appears in the match transaction list. The surcharge amount is not present.
However, when I am allocating other transactions in the withdrawal section - I do see the surcharge amount with the corresponding reference number with an 's' on the end.
Thank you for your response.
As per @Sean_DC, the invoice would only be matched with the invoice amount and not the surcharge in this situation the $412.65. But another thing about Online Invoice Payments is that the payments that are being recorded right after the customer pays would not be directly recorded in the bank account instead they would be recorded into a clearing account "undeposited funds". You need to go on "prepare bank deposits" to transfer them to the right bank account and have them matched.
Here is the helpful article Online invoice payments, this will serve as a guide to the process.
Let me know if you require any further assistance with this. I'm happy to assist you.
If my response has answered your inquiry please click "Accept as Solution" to assist other users find this information
I must say that although your answers make sense and I understand what you are saying - they are not applicable on my end and are not resolving my issue.
Do you have video call available?
2 weeks ago
Hi Genreve, I just came across your post. I'm facing the same issue regarding how to allocate the surcharge for EFTPOS card payments. The good thing is we don't use bank feed.
Here's what I've done: when a customer comes into the shop to pay an invoice, after the EFTPOS payment is processed, the EFTPOS receipt automatically adds 1% (for example, if the invoice amount is $100.00, it becomes $101.00 after EFTPOS processing). Subsequently, I create a receipt payment (through MYOB banking receive money) of $1.00 allocated to the Merchant Account, effectively crediting Merchant Fees by $1.00.
Just wondering what I've done if it is reasonable? What are your thoughts?
Thanks in advance