Using Bank feeds
Hi Everyone Automatic bank feeds can be used for a variety of purposes in the day to day processing, some of them being easy transaction entry, getting updated banking information, and most commonly as a tool for reconciliation Once you have set up your Bank feeds these transactions will flow through to your MYOB Software available for you to action that transaction. There are two main actions that can be taken with a bank feed transaction; Match or Allocate Matchis when you have already recorded the bank transaction in your MYOB Software and you are looking at matching that bank transaction to that transaction. Click on the Find option next to the associated transaction, enter the desired search criteria if required, choose the already recorded transaction, and then select Match & approve The following links can be referred to understand the process: How matching works Approving a bank feed Matching a bank feed to multiple transactions Select the drop arrow to the right of the transaction, selecting Match transaction, and choose the desired transaction(s) before selecting Save. For more information on matching check out the following Help Articles and Forum posts: Matching bank transactions Matching multiple bank transactions to one payroll transaction. Allocateis used when you have yet to record that transaction in MYOB Software. In the Bank Feeds window, select an unmatched bank feed transaction, clickNewandselect the type of transaction you want to create, then match & approve. Click onAllocate Meand select the account against which you want to record the withdrawal or deposit. Allocating bank transactionsexplains this in detail. Can't find the answer to your question here? Take a look atBank Feed FAQ'sAlternatively, do please start a new post. Our team of MYOB Support Moderators and the MYOB Community is always happy to help.
