Forum Discussion

Contributing Cover User

5 years ago

Automatic Allocation of Bank Feeds

I have noticed that since the last upgrade we now have deposits to our bank account being automatically allocated to open sales invoices that we have in our system. Ordinarily this would be cons...

Bank feeds

Banking

Steven_M
5 years ago
Hi MichaelEFM

With some recent updates, additional preferences have been added with regards to Bank Feeds. These can be enabled (or disabled) through - Setup>>Preferences>>Banking

Auto-approve bank transactions matched to MYOB transactions

Auto-allocate bank transactions to outstanding MYOB invoices or bills

If you are not wishing to have that auto-allocation of MYOB invoices or bills, do navigate to that preference window and disable that bottom preference.

Steven_M

Former Staff

5 years ago

Hi MichaelEFM

With some recent updates, additional preferences have been added with regards to Bank Feeds. These can be enabled (or disabled) through - Setup>>Preferences>>Banking

Auto-approve bank transactions matched to MYOB transactions
- Auto-allocate bank transactions to outstanding MYOB invoices or bills

If you are not wishing to have that auto-allocation of MYOB invoices or bills, do navigate to that preference window and disable that bottom preference.

MichaelEFM
Contributing Cover User
5 years ago
Thanks Steven, much appreciated.
RJR
4 years ago
Hi Steven,
having the same issue with automatic bank feed, checked the preferences as you suggested and the box for Automatic Matching is not ticked. Is there another way of disabling this function?
Cheers
Roger
- Steven_M
  Former Staff
  4 years ago
  Hi RJR
  
  When the company file is stored online with AccountRight, users would automatically have the bank feed transactions loaded into the company file i.e. there is no requirement to select Get Bank Transactions.
  
  In terms of automating the process of matching and allocating, the Banking preferences outlined in my previous post on this thread will control whether or not the transactions are auto-approved and auto-matched. This is in addition to the rules set up with the company file which would be applied to those incoming bank transactions.