Forum Discussion

CurtisJane's avatar
CurtisJane
Cover User
7 days ago

Invoices and Purchases from one client

We input an invoice to head office for our commission revenue and a purchase for recoverable expenses/services provided by head office.   We are then paid the difference between the two amounts.

I have recently set up bank feeds and would like some help in how I now process this transaction.   I used to just tick off both transactions in the bank rec.

 

hope this makes sense 

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator

    Hi CurtisJane

     

    The option to link multiple transactions to one bank feed is no longer available. The best way to handle this now is to create a contra account. You can route the payments to this contra account and then transfer the total amount to the bank feed bank account. For a detailed guide on how to create a contra account, you can read through this link

     

    Feel free to create a new thread if you need any other help. 

     

    Thanks,
    Genreve