- Barry_CMYOB Staff
Just to add to this, currently you would best using the prepare electronic payment or prepare bank deposits features to group your transactions as a lump sum which can then be matched to your bank feed.
- Geoff_ColwillExperienced Partner
Thanks Barry
I'm aware of that alternative.
My suggested change avoids passing it though another process and makes bank feeds more user friendly from my perspective.
- interAccountsValued Partner
I agree, the option of cutting out one step in processing is a great idea as it speeds up the process.
Its a regular thing where client's process single transactions into MYOB and then one lump sum transaction in their net banking and currently, we need to edit every single transaction to change the bank account to 'Undeposited Funds' or 'Electronic Payments' and then to prepare either the Bank Deposit or Electronic payments.
Preparing electronic payments isn't user friendly either as you need to prepare a Bank File to record the electronic payment - there is no option to just record it. You then get an error message as the bank file you create is a different date to the process date and therefore won't work.
It would be much easier if we could cut these steps out by being able to match multiple transactions in MYOB against one bank file through the bank feeds screen.
- Umbrella_StudioCover User
I would also like to see this feature. I have worked around it by using the "prepare bank deposit" and "Electronic payments" functionality. But there are cases where this doesn't work and I can only use bank feeds properly if it will match to multiple transactions.
Example 1: Today I need to pay "M. Smith" a $20 refund (via a credit invoice), and also pay her an $80 supplier payment. I pay her $100 by EFT. Now, you cannot pay a CREDIT using the electronic payments area. I can put the transaction to the Electronic payment clearning account, but when I go to record the payment, it won't appear, under any or "all" of the filters.
Multiple transaction matches would just be much simpler. Here, I will do a flowchart for you :P
Enter Bill > Record Electronic Payment > Prepare Electronic Payment (ABA File) > Get bank feed > Approve match
OR
Enter Bill > Record Payment > Get Bank Feed > Approve MatchThank you for your consideration, this will make AccountRight so much more friendly and reduce data entry which was great idea behind bank feeds. :)
- ContinuumCover User
I Agree.
The convoluted way to process two internet payments is difficult and confusing for someone that does not do it every day.
Why can you not just apportion an mount (say $200 of $750) to one invoice and $550 to another?
How hard can that be? If it is an issue with the feed, make sure that both amounts are done at the same time so there cannot be any left over.
Please change it ASAP. It is driving me batty.
Each time I have to do it, I have to read through the 50 step instruction again as to how to do it.
Why must it be so hard?
- ContinuumCover User
I need to do it now.
What is the a step by step process in order to do this.
Please do not send me to another link. If it is simple, please just past the several simple steps in order to do it.
I have done it before but am sick of trying to do it again later and have to find the process again and again.
I have an electronic payment from my bank with 2 customer payments. HOw do I reconcile these easily? I do not want to do the wrong thing, as this will get my accountant very angry, and you do not want to see him angry.
Count this as 2.78 million votes for fixing the process.
- EmileFormer Staff
Hi Continuum
Thanks for your feedback.
For a customer payment, the way to record is to go to Sales > Recieve Payment and select the 'Group with Undeposited funds" option for each payment.
Once they have been recorded go to Banking > Prepare Bank Deposit, tick the payments to record it going into the bank as one lump sum. Now you can match the lump sum with Bank Feeds.
- ContinuumCover User
thanks for that.
Saved a lot of headache.
Last time was much more convoluted than that, but now I have bookmarked this page.
Thanks
- Amanda0314Contributing Cover User
This would be as previously stated, a time saving option to be able to match one bank feed transaction to multiple MYOB transaction. I have enough extra work to get through with add on software partners so it would be beneficial for me to cut out another step or two!
Amanda
- Steven_MFormer Staff
Hi Amanda0314
Thank you for voting for this idea and your feedback. I have your comments with the team.
Related Content
- 7 months ago
- 8 months ago
- 12 months ago