JulesGerbera
Experienced Cover User
Joined 13 years ago
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Reconciling my EFTPOS clearing account/EFTPOS settlements
We have setup a bank account called EFTPOS clearing account as we have our own business EFTPOS machine that take credit card payments. I am in the process of trying to reconcile but have found when a payment is received directly from a customer for a Sales invoice (i.e account customer that we bill) via credit card with our business EFTPOS machine. When trying to reconcile this account I am stumped at how to reconcile correctly as when one of our customers pays by credit card, I allocate the payment to the clearing account but it is putting the balance out for me to balance my EFTPOS settlement statement For example:- All EFTPOS transactions/settlements received go in as a withdrawal into this account but on the 7/7/25 our EFTPOS settlement was made up of 1 x customer paying via credit card $2561.28 and the other one off customers for that day totalled $723.07 (screenshot) So my balance as at the end of July 25 should balance as per statement of $8401.83 I have also attached a copy of our EFTPOS settlement report for reference. Should I be raising a journal entry to get this to balance? or handling the sales invoices credit card payments to an undeposited funds account? Thank youMYOB Bank Feeds - not splitting in percentages
Hi there, Since the update, in my bank feeds I have a few transactions that need to be split across two accounts. Previously I was able to split as a percentage. For example - I have a direct debit that goes out weekly that I split across 2 different expense accounts. I can usually in my bank feed go to the drop down box, allocate me, categorise, enter category (or expense account), then enter in amount (%) such as 50% and then it will split accordingly. Since the update when I enter in the amount (%) such as 50% - it keeps putting an amount in the first column - have attached screenshot - what am I doing wrong?? huge thanksMYOB Business - overpayment to employee - payments correct, payruns incorrect
Hi everyone, needing assistance regarding overpayment to employee but pay run entered into MYOB as incorrect. This is what has happened:- We pay weekly. Payrun on 10.1.24 was paid correctly Then accidental payment was made into employees bank account for $521.35 Next payrun was on 17/1/24 for net pay $1007.32 and entered into MYOB as his full pay BUT he was only paid the $1007.32 minus the overpayment of $521.35 - therefore he was paid $485.97 net pay. So should I reverse the payrun on the 17.1.24 as it does not show the correct pay run amount or show the deduction for the overpayment? The notes I am reading up on this are directing me to enter in the pay for the 17.1.24 but to deduct his base hourly - previously I thought to show an overpayment you would enter in a deduction amount fo the $521.35. Payments have been made already to the emloyee - it is just the payrun in MYOB that has been entered and reported incorrectly. Am happy to provide more information and would appreciate any assistance. Thank you
