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Ren28's avatar
Ren28
3 years ago

Spend Money - Multiple entries

Hi I've recently started the Myob Business version after many years on Premier 12.  When allocating daily expenses which formed part of Directors Drawings I would just go through Bank statement and ...
allocatemultiple
Spendmoney
  • Tracey_H's avatar
    Tracey_H
    3 years ago

    Hi Ren28 

     

    Just wanted to add that it's not possible to hide bank feed transactions in MYOB Business. Your options for handling the directors drawings are:

     

    1. create bank rules as advised by Lisa ( LRBooks61 )
    2. or, bulk allocate the bank transactions to the directors drawings account

    To bulk allocate transactions to the same account:

     

    1. in the Bank transactions window tick all applicable transactions
    2. click Allocate
    3. select the Account
    4. click Allocate

    Please let us know if you need further help.

     

    If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

LRBooks61's avatar
LRBooks61
Ultimate Cover User
3 years ago

Hi 

If you are using bank feeds you need to allocate every transaction , or you can hide all of them that are relevant and do your one transaction which you will have to manually reconcile. Defeats the purpose of bank feeds.

 

You could set up a bank rule if the transactions are easily identifiable which would reduce the need to enter each transaction every month - just the initial and going forward they will apply the rule and you can just accept them in the bank feed

 

Hope that helps

 

Lisa

  • Ren28's avatar
    Ren28
    3 years ago

    Thanks for your response Lisa. I get what you mean about defeating the purpose of the bank feeds but I do like the idea of hiding the multiple transactions and manually entering. I just read another response and realised it's not possible. 

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