Forum Discussion
Hi MattBedford,
This issue might be related to the setup. You'll need to check your payment and fee category settings. To do this, log in to the MYOB dashboard, navigate to Settings, go to Sales Settings, click on the Payments tab, scroll down and click Edit Preferences. Under Online Payments, go to Settings. In the Bank Accounts section, ensure that the payment category is set to the same account as the settlement bank account. Set the fee category to an appropriate expense category.
This should help ensure that payments are allocated correctly and fees are categorized properly.
Regards,
Earl
Hi Earl,
Thank you for your reply. We have followed the above and checked all the settings. The correct accounts have been selected. Some of the invoice online payments we have received in the last few weeks will not allow us to move the amount from the undeposited funds account to our cheque account (this is our allocated account for payments received). MYOB pops up a message stating " you can't edit transactions from a previous financial year". The payment we are trying to move is from this financial year and was paid on 23rd September 2024. Is this a glitch in the software anyone is aware of?
Screenshot attached of the message I receive when trying to move this payment from undeposited account to our allocated cheque account.
Thanks again for your help.
Matt
- Princess_R2 months agoMYOB Moderator
Hi MattBedford,
The "You can't edit transactions from a previous financial year" error usually pops up when you're trying to edit a Spend Money transaction, even if it's not actually from the previous financial year. To fix this, you usually need to delete the electronic payment first. But in your case, since it's a payment from an OIP transaction that went to an undeposited fund, you may try to create a new undeposited fund account to transfer the amount from the current undeposited accounts to see if it'll move the amount without any error. But if you receive the same error, it might need a bit more digging by our support team. You can reach out to them through live chat via our virtual assistant MOCA or raise a support ticket at myaccount.myob.com.
Cheers,
Princess
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