Australia only, 2020.2 and later UI Text Box |
---|
| Direct payments availability This feature is being launched in Australia through June & July in 2020. Only businesses registered as Sole Traders and/or Private Companies with the Australian Business Registry will be eligible able to apply. |
Once you've set up electronic payments, you're ready to make electronic payments directly to your employees and suppliers. This allows you to pay employees and bills in batch payments using your debit or credit card directly from AccountRight. It's quick, easy and secure. UI Expand |
---|
title | To identify a payment as being paid electronically |
---|
| To identify a payment as being paid electronicallyThere are a few ways to identify that a payment you're making is to be paid electronically: - When you record a Spend Money or Pay Bills transaction, select the Electronic Payment option.
- When you record a Pay Liabilities transaction, select the Group with Electronic Payments option.
- If you've set up your employees to be paid electronically, when you process their pays they'll be identified as electronic payments.
Recorded electronic payments will be listed on the Prepare Electronic Payments window, ready to be processed. See the next task to learn how.
|
UI Expand |
---|
title | To make electronic payments directly |
---|
| To make electronic payments directly- Go to the Banking command centre and click Prepare Electronic Payments. The Prepare Electronic Payments window appears listing all electronic payments waiting to be processed.
- In the Pay From Account field, select the bank account you're paying from.
- If you want to group the electronic payment by payment type—for example, to pay bills only—select a type in the Select Payment by field.
- In the Your Bank Statement Text field, type the text you want to appear on your bank statement.
- In the Bank Processing Date field, enter today's date. Payments authorised before 5pm AEST will be disbursed on the next business day.
- (Optional) Enter a Journal Memo to describe this transaction. By default, this will display Electronic Payment for each new electronic payment.
- Click in the select column () next to those payments you want to process.
- Click Send Payments. You'll be prompted to check all payment details.
- Click Send payment. The payment portal opens, with the batch payment ready to be authorised.
- If you want to prepare another electronic payment file, repeat from step 3.
- Click Close to exit the Prepare Electronic Payments window.
|
What happens next? HTML |
---|
<h2><i class="fa fa-comments"></i> FAQs</h2><br> |
UI Expand |
---|
title | When will my payments be disbursed? |
---|
| When will my payments be disbursed?If the payment is authorised | At this time | Employee/supplier will receive the money (if they're with a major bank) | Employee/supplier will receive the money (if they're not with a major bank) |
---|
On a business day | Before 6:00pm | Next business day | Second business day after authorising the payment | On a business day | After 6:00pm | Second business day after authorising the payment | Third business day after authorising the payment | On a weekend | Anytime | Second business day after authorising the payment | Third business day after authorising the payment | On a public holiday, special holiday, or bank holiday | Anytime | Second business day after authorising the payment | Third business day after authorising the payment |
|
UI Expand |
---|
title | What if I need help making electronic payments? |
---|
| What if I need help making electronic payments?Have a question? Need some help? Call us on 1300 783 674 between 9am and 5pm (AEST) Monday to Friday. Or send an email to payments_support@myob.com |
UI Expand |
---|
title | What are the fees for using direct payments? |
---|
| What are the fees for using direct payments?The fees per use are: Debit card (Mastercard only) - 0.1% of the total payment value
- Example: if paying $10,000, the fee is $10
Credit card (Visa or Mastercard) - 1.5% of the total payment value
- Example: if paying $10,000, the fee is $150
|
|