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David25's avatar
David25
12 months ago

Bank File layout

Hello, When we generate a Bank File for vendor/supplier payments, we only just noticed that, for example, when paying, say 10 invoices (in one bank file Batch) that are for the same Supplier, the ba...
  • Genreve_S's avatar
    Genreve_S
    12 months ago

    Hi David25, 

     

    Thanks for posting and welcome to the Community Forum. 

     

    I'm sorry to hear about your bank file concern. In my understanding, we are referring to the ABA file produced by creating an electronic payment. If this is the case, the bank file would produce the total amount as one deposit to your recipient's bank account. The ABA file would show as multiple line items but the information the bank will process is just one deposit. 

     

    I recommend reading through this article, Making Electronic Payments with a Bank File. This will provide further information regarding the bank file created.  

     

    Let us know if you require any further assistance. 

     

    Thanks,
    Genreve

Genreve_S's avatar
Genreve_S
MYOB Moderator
12 months ago

Hi David25, 

 

Thanks for posting and welcome to the Community Forum. 

 

I'm sorry to hear about your bank file concern. In my understanding, we are referring to the ABA file produced by creating an electronic payment. If this is the case, the bank file would produce the total amount as one deposit to your recipient's bank account. The ABA file would show as multiple line items but the information the bank will process is just one deposit. 

 

I recommend reading through this article, Making Electronic Payments with a Bank File. This will provide further information regarding the bank file created.  

 

Let us know if you require any further assistance. 

 

Thanks,
Genreve

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