Matching supplier payments to bank feeds
Im new to MYOB, what am I doing wrong. I am using AccountRight Web Version. I enter the purchase: Purchases | Enter Purchase Record Payment: Purchases | Record Supplier Payment | Tick Electronic Payment Create Payment: Banking | Prepare Electronic Payment When the payment then displays on the Bank Feed I am unable to allocate it, there is no batch payment. My Bank Feed is currently full on transactions that I am unable to match and allocate.
Feeback on "Smart" Bank Reconciliation
We are just trialling this, as an alternative to the bank feeds menu on the desktop AccountRight. Couple of observations: Not sure why the customer and supplier items are not set up to display the oldest first. Yes I can click the button to change the date order, but that's an extra step every time. It feels like this was designed by someone who isn't actually using it. If I have invoices from last month, and invoices from this month, logically we will be paying off (or receipting) oldest invoices first. We have a supplier who direct debits our account separately for every invoice, and they clearly state the invoice number in every transaction narration. I have a rule set up to look for supplier invoices, but it won't match the payment to the individual invoice. I don't understand this when the narration makes it very clear which invoice is being paid. They are our biggest supplier, and I am still having to match every payment to every invoice. I'm sure I will have more comments as we continue to trial this, and other people may have comments to add. And I can only add one tag to the post...
Credit Card previously linked then cancelled.
Hi, We have a credit bank feed setup from 1st July however it will not let me connect it to the bank account because it has a previously used bank feed that was cancelled by a previous employee. How do I allocate the current bank feed to the correct account? I have attached a pdf of the two accounts. Hope that makes sense? Thank you Michelle
Bank Recs issue in MYOB
Hello, I have been having an issue where we have received two deposit payments in our bank on 31st May but it has been cleared by MYOB in Bank Feeds only on 2nd June. This has made our Bank Reconciliation for May impossible as the bank balance does not match with MYOB balance as of 31st May. I noticed there has been a lag with MYOB bank feeds updating after MYOB has been allocating payments with the transaction fees. Can anyone advise how to solve this issue? I have attached the screenshot for reference. Thanks, Divya
Recording a transfer between bank accounts from bank feed
Good Afternoon - If we transferred money from our cheque account to the credit card account (both accounts on bank feed), do I record it from both sides as transfer or just from the one side (eg cheque account bank feed) and hide the transaction on the other side (credit card bank feed)? I am struggling to reconcile my bank accounts.Bank reconciliation
Hi, I am trying to reconcile my month of January. However its showing an out of balance from my December but my December reconcilation is spot, there are no out of transactions showing and the calculated closing balance matches my bank statement balance which I input at the top but its not saving or reconciling. I undid all of my reconciliations from July to December, and did them all again and they all balanced. Then went to January and all the reconicilations that I'd just done were out of balance again. The calculated closing balances from July - Dec 23 are exactly what is in my accounts on myob and on my statements. I can't reconcile my January becuase of this. Please help
How To Fix An Incorrect Invoice Allocation From A Previous (Reconciled) Month?
Hi, In February, we received payment for an invoice. This payment was allocated to the incorrect invoice number (but for the same value). Now the customer shows an ageing debt for this invoice that they paid in good faith. We work on the accrual system here, so February is closed off and reconciled. What is the cleanest way to fix this? Is there a way I can credit this customers account in our system so I can then allocate the payment to the correct invoice they listed on their remittance? If so - how to I date this? and which steps should I follow in MYOB? (I have seen a few different variations to fix this but am concerned with my current EOM (May 2024 ) balancing if I interfere.) I inherited this error and am new to MYOB. Thanks in anticipation of any help on offer here. Suzy :)Myob issue
We are currently attempting to solve a problem by adjusting the prices for one purchase from supplier, but whenever I try to save the document, I receive a message prompting me to restart the program The same situation occurs if some of my colleagues attempt to make any changes. Balance payment was made on 15/03/2024 and we are not able to change the price from USD to AUD to match payments and close the transaction. The deposit was applied on 29/02/2024 We're in need of assistance to resolve this issue. Thank you in advance for your assistance in this matter.
