Forum Discussion

Narellecables's avatar
Narellecables
Experienced Cover User
2 years ago

Additional Bank Account for Payroll

I have set up a new bank account in AccountRight as we now have 2 bank accounts. As payroll will be paid from both accounts is it possible to have both bank accounts as 'preferred bank accounts' for...
  • Sean_DC's avatar
    Sean_DC
    2 years ago

    Hi Narellecables 

     

    Thank you for your post. 

    It is possible to have two bank accounts to be used when processing payroll when it comes to paying them. It would be based on how you set up the employee's payment method and where that method is linked to. If you chose electronic payment as a payment method, you will have the option to choose the bank account when preparing electronic payments. If it is cash then it would be based on what account cash is linked to. There can only be one linked account under each field in manage linked accounts. 
     


    Please feel free to post again. I'm happy to assist further.

     

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

     

Narellecables's avatar
Narellecables
Experienced Cover User

Hi Sean,

Thank you for your reply and information.

I have my payment method as electronic and via 'manage linked accounts' a bank account linked.

At times there is the need for payroll to be processed/paid from our other bank account but as you have noted there can only be one linked account under each field in manage linked accounts. 

Hopefully in the future having the option of being able to link at least another bank account will be something that MYOB will consider.

Kind regards

Narelle

 

 

Sean_DC's avatar
Sean_DC
MYOB Staff
2 years ago

Hi Narellecables 

 

You're welcome. I do think it is a great idea to be added as a feature someday. We do suggest posting these suggestions on our Product Ideas Board for our developers' team to see. Here others can vote for it as well.