When allocating a bank feed deposit to a new transaction (a Receive Money transaction in this case) there is no access to Recurring Transactions that have previously been set up.
This is a step backwards for any client that regularly records cash receipts, such as daily takings, and uses a Recurring Transaction to assist them to efficiently record the breakup of the daily takings across multiple lines and income accounts.
I do not know why the Recurring Transactions button is greyed out when in bank feeds, but it seems to me to be counter-productive and not very logical.
Please let me know if there is a reason for this that I have missed.
- Matthew_W11 years agoMYOB StaffStatus changed:NewtoNewThank you for your feedback on this Paul. That feature is currently not available, its not something that you're doing wrong. Adding this option in is something we'd be happy to consider adding in. In the meantime what I would suggest would be to look into adding a transaction Rule with the same details so you can just make the transaction manually and it will auto match up.
- Paul_C11 years agoPartner
Thanks for the feedback Matthew.
Unfortunately the allocation across multiple income accounts changes each time it is entered, so a standard rule will not suffice.
Is there any process that I need to go through to get a formal request for a change into your schedule?
- Suja_P11 years agoFormer Staff
Thank you for the update, Paul.
This Idea Exchange board is considered as a formal request from our users for changes / enhancements that they would like to see in our software.
The feedback received on this board is used by our Developers to prioritise product enhancements.
Thank you again for your post. We request others who would like these changes to please Vote and add any relevant comments.
Regards,
Suja
MYOB Support
- ASWatCR11 years agoPartner
Hi Paul_C, I agree with you 100%. Bank feeds should be able to dovetail in with recurring transactions. I am surprised this is not already built in, but we can only hope and wait.
I have voted for it.
- jenniek11 years agoUltimate Partner
Hi there,
Once you have set up "rules" in the bank feeds - you don't need the recurring transactions anymore. I have found rules to be much more useful
- Paul_C11 years agoPartner
Guys,
Thanks for your feedback and support.
The rules set up in bank feeds is indeed a great feature. But if the multiple allocation of a cash receipt of daily takinngs in this case changes each week then the rule needs to be amended each time. My thinking is that it is easier to have a recurring transaction to amend.
- Barkel11 years agoExperienced Cover User
Recurring transactions is a MUST for the bank feeds.
Whilst rules cover 90% of all transactions it does not take into account (for one example) Lease payments that would have different interest amounts each month based on ammortisation schedules in place.
I have several (over 20) of these transactions to post each month and have to constantly go in and out of bank feeds to adjust the "division" of the transaction because the "recurring" is not available to adjust the transaction.
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