When processing an invoice for say, insurance premiums, I post the full amount in the creditors ledger, ensuring GST is claimed in full at the beginning of the period and wish to make regular monthly...
Recurring Transactions: Pay Bills
Neddy
9 years agoPartner
Where you have a large purchase invoice - say a large insurance premium for example, and you arrange to pay it by monthly instalments, is it possible to have the payment to the invoice as a recurring transaction?
It would be useful for payables control to still keep the purchase invoice showing in the payables reports, rather than creating another creditor account in the balance sheet to which the payments could be processed as a recurring spend money.
It would be nice if there was a facility within the purchase ledger to be able to then pick up the payment transaction from bank feeds straight to the purchase invoice. If I am missing something and this is already a function in MYOB, please let me know.
- CloudMindAcc9 years agoUltimate Partner
Hi Neddy
You could create a recurring transaction to post automatically in MYOB on a certain date of the month.
Then you would go into your bank feeds and set up a bill rule. This will trigger a possible match in your bank feeds and you can click and approve. Too easy:smileyvery-happy:
Here is another link also Bankfeeds Rules
PS: Don't forget to make sure there is no spaces:smileyfrustrated:. Thanks for voting for my idea!
Regards
Renae
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