ContributionsMost RecentMost LikesSolutionsRe: Bank Feeds - clearing purchases payments Hi Tracey and Lisa, Huge thanks in helping solve and understand the issue, much appreciated. Cheers Matt Re: Bank Feeds - clearing purchases payments Thanks Tracey that is very useful information. I think my client preferred to see the individual transations within the bank statement for audit purposes (i believe there is an option within BNZ to display these as separate transactions) If I go with your suggestion of hiding the bank feeds transactions andmanually reconciling the AccountRight transaction in the Reconcile accounts window, will this allow me to correctly reconcile the bank account on the bank feeds screen or is the Reconcile accounts window the main underlying place where it needs to be done? Sorry I have yet to journal a correction balance to tie up the bank account. The going forward option of "not using the electronic payments function, when processing Pay bills transactions untick the Electronic payment option and select the bank account as the Pay from account."Is this still possible to create an electronic payment for this? I just tried this option on a test file and when i select "Prepare Electronic payments" there is no option to select the customer and corresponding amount? I assume this is only useful for cheque payments? If this isn't a viable option I think the one above should be ok. Again thanks for your help Cheers Matt Re: Bank Feeds - clearing purchases payments Thanks Lisa for the response. I have looked at the screen shots you have sent and they look consistent. The first screen shot i do see both side of the entries when looking at the reconcile accounts for the elec pymt account. The 2nd screen shot your showing "Spend Money" but my is showing as a "Pay Bills" screen where both are showing as under the Pay from account being Electronic clearing account. As for the third screen when i hit the "Prepare Electronic Payments" button it shows it coming up with the correct 1-0100 Cheque Account which represents the BNZ current account (this i have asked the client to confirm that this isnt changed on further processing) Re: Bank Feeds - clearing purchases payments Thanks Lisa for the response. The client is using this to make payments there is no issues with creating the equivalent ABA file for NZ payments via BNZ. I have looked at the electronic payments account under account information and this looks correct as per instructions under the Guide 2. Set up an electronic clearing account - MYOB AccountRight - MYOB Help Centre Both the profile and linked accounts is ok based on the above. When I look at the transaction under the Electronic clearing account they show them with a credit against the suppliers and an opposing debit agaisnt an Electronic Payment memo. Both the GL account entries go against 1-0190 which is theElectronic clearing account. Bank Feeds - clearing purchases payments Hi, Accountant here trying to get the recs process running for a business which has never completed this process previously. I am using bank feeds for the first time and trying to match off purchase payments. These payments originated from electronic transfers so Iam surprised that these arent matched automatically already? When I am in the bank feeds screen, all the payments are showing as separate individual line items (as per the bank statement) but when i try and find a match for the amount, there is nothing to match it off against. If i widen the search I can see the overall Electronic total of the full payment for all creditors but it doesnt allow me to apply the amount to this total. What is the correct order of events which a client should follow once the payments have been sent off? So they go to reconcile accounts - select the electronic clearing account and then hit the reconcile button assuming the balances all net off (i do have situations where these do not due to what looks like pre-payments). I tried this thinking that this will then create the balances into the cheque account but still no luck. Is someone able to offer any help? Thanks Solved