Child pages
  • Identifying transfers between your bank accounts

Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.
HTML Wrap
classsection group
HTML Wrap
classcol span_3_of_5

If a bank transaction represents a transfer between two of your bank accounts (for example, you transferred money from your Cheque account to your Mastercard), you can match the two halves of the transfer together (the withdrawal transaction from one account and the deposit transaction from another).

If the transactions were recorded by your bank within a day of each other, MYOB Essentials will usually be able to identify the matching transfer transaction. Otherwise, you can manually create a transfer transaction and match both transactions to that.

Recording the transfer

On the Bank transactions page, click the down arrow to expand the transaction, then click the Transfer tab.

Expanded transaction with transfer tab highlightedImage Modified

If you’ve got bank feeds on both of the accounts involved in the transfer, you should see the other transaction listed on this tab. If not, you might need to wait until the other account’s feed has been updated, as some bank feeds update more frequently than others.

Just select the correct transfer in the list and click Save.

Otherwise, if you only have bank feeds on one of the accounts, or if MYOB Essentials couldn't find a matching transaction, you can manually record the transfer by clicking the Manually create transfer link.

Transfer tab with manually create transfer highlightedImage Modified

For more details about recording transfers, see Record a transfer between accounts.

Once this transfer has been created, you'll be able to match the bank transactions to it. See Matching bank transactions.

HTML Wrap
width15%
classcol span_1_of_5
 
HTML Wrap
floatleft
classcol span_1_of_5
Panelbox
namemagenta
titleRelated topics
HTML Wrap
classsidebarlinks

Working with bank transactions

Matching bank transactions

Allocating bank transactions

Record a transfer between accounts

Setting up bank feeds

Panelbox
nameyellow
titleFrom the community

RSS Feed
titleBarfalse
max5
showTitlesOnlytrue
urlhttp://community.myob.com/myob/rss/search?q=bank+transactions&filter=labels%2Clocation&location=forum-board%3AEssentialsAccounting&search_type=thread

HTML Wrap
classmorelinks
More »