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Bank Feeds: Paying multiple supplier purchases with one payment

Partner

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1 Post
Partner
Australia

Is it possible to create a function in bank feeds that deals with a multi BPay or multi Pay Anyone bank payment.  If you go to bank feeds and click the 'new' button, you can select one supplier to allocate a portion of the payment to the relevant invoice, however it doesn't allow you to add any additional suppliers to pay the other invoices that make up a multi payment.  It just defaults the balance to 'finance charges' of the first supplier's invoice you choose.

 

I have been told the only way to deal with this is the old way via 'pay bills' and then go into bank feeds and tick off the payment, which actually takes longer.  I thought the idea of bank feeds was to make everything quicker and easier.

 

"Paying multi invoice batch payments"

Current Status: Done
Last Changed: January 2023

Hi Everyone

The AccountRight browser interface allows users to select multiple transactions to match the one bank feed transaction to multiple recorded transactions.

In the AccountRight desktop application, you would want to complete this process through the Prepare electronic payments window and then use the Match functionality in Bank feeds.

2 Comments
David_Cree
Ultimate Partner
1,158 Posts
Ultimate Partner

Hello Andrew,

I assume that what you mean is that you have a number of payments for various supplies that show in the bank feed as a single amount.

Have you considered using the Prepare Electronic Payments feature of MYOB?

While this works best when you send an ABA file to the bank , you can also use it for preparing multi B-Pay and pay anyone transactions, by putting a dummy bank details on the supplier card, recording & saving the aba file. But you do not send this to the bank.

By doing this when the Bank feed comes in with the multi payment you can match it to the single grouped MYOB transaction.

Have a look at this MYOB Support Note on Preparing Electronic Payments.

http://myobaustralia.custhelp.com/app/answers/detail/a_id/9244/kw/9244

http://help.myob.com/wiki/display/ar/Electronic+payments

 

Cheers

David

Steven_M
45,180 Posts
Former Staff

Hi Everyone

The AccountRight browser interface allows users to select multiple transactions to match the one bank feed transaction to multiple recorded transactions.

In the AccountRight desktop application, you would want to complete this process through the Prepare electronic payments window and then use the Match functionality in Bank feeds.