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RRS28's avatar
RRS28
User
4 years ago
Solved

Deleting a transaction in "prepare electronic payment" screen

I had three transactions that i wanted to delete from this screen without consequence to the MYOB system.  In previous versions of MYOB you could just delete the transaction.  The bottom line is that you cannot delete these transactions anymore.  Advice from MYOB tech support was:  

Basically, I needed to create a new M-Powered Electronic Payment account.  I then linked it. To link the new account you go to setup - linked accounts - accounts & banking accounts - select drop down menu for "bank account for electronic payments" and select new account.

Time will tell whether there are any consequences to this action

  • Steven_M's avatar
    Steven_M
    4 years ago

    Hi RRS28 

     

    Typically, there are two true ways to remove a transaction(s) from the Prepare Electronic Payments window:

    • Edit the transaction to have a different Pay from Account i.e. not the electronic account OR delete the transaction.
    • Process that transaction to a bank account (could be a dummy account) and then deal with the fallout of that i.e. journal it to another account.

    The other way is to create a new bank account in your account lists and then set that account to be the Bank account for electronic payments listed in the Setup>>Linked Accounts>>Accounts & Banking option. In short, when you open the Prepare Electronic Payments window the system checks to see what transactions as listed in the linked account haven't been paid electronically. All those that haven't meet that criteria are displayed in the window. So updating that linked account to be a fresh account without any transactions will make the Prepare Electronic Payments window contain no transactions, no transactions in the linked account means no transactions in the window.

     

    There is only one slight downside of the above process is that the previously linked account may still have a balance associated with it as you would have transactions for that account. You may want to speak to an accounting advisor and recording a journal to transfer that balance to another account. However, that is the only downside of updating that linked account.

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  • Steven_M's avatar
    Steven_M
    Former Staff
    4 years ago

    Hi RRS28 

     

    Typically, there are two true ways to remove a transaction(s) from the Prepare Electronic Payments window:

    • Edit the transaction to have a different Pay from Account i.e. not the electronic account OR delete the transaction.
    • Process that transaction to a bank account (could be a dummy account) and then deal with the fallout of that i.e. journal it to another account.

    The other way is to create a new bank account in your account lists and then set that account to be the Bank account for electronic payments listed in the Setup>>Linked Accounts>>Accounts & Banking option. In short, when you open the Prepare Electronic Payments window the system checks to see what transactions as listed in the linked account haven't been paid electronically. All those that haven't meet that criteria are displayed in the window. So updating that linked account to be a fresh account without any transactions will make the Prepare Electronic Payments window contain no transactions, no transactions in the linked account means no transactions in the window.

     

    There is only one slight downside of the above process is that the previously linked account may still have a balance associated with it as you would have transactions for that account. You may want to speak to an accounting advisor and recording a journal to transfer that balance to another account. However, that is the only downside of updating that linked account.

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