If you import a bank transaction that you haven’t When working with bank feeds or imported bank statements, if a transaction hasn't been entered into MYOB Essentials, you can allocate it directly to one or more of your MYOB Essentials accounts without . This means you won't have to waste time manually recording a transaction. If you need to, you can split the transaction between more than one account. , or capture quantities against transactions for reporting purposes. If you've already entered a corresponding transaction in MYOB Essentials, you should match the transaction instead. See Matching bank transactions. Image Added UI Text Box |
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| Regularly make the same payments? You can set up rules to automatically allocate these to your MYOB Essentials accounts, saving you from manual data entry. |
Allocate a transaction to a single accountIf a transaction on the bank feed hasn’t been entered in MYOB Essentials, you can allocate it to your MYOB Essentials accounts. If you're not sure which accounts to allocate transactions to, consult your bookkeeper or accountant. To allocate to a single account, just click the Allocate me link in the the Allocate or Match column on the right half of the screen and then choose which account you want to allocate the transaction to.Image Removed When you allocate a bank transaction, a matching transaction is created in MYOB Essentials. If you allocate a withdrawal, this will be a Spend Money transaction; if you allocate a deposit, this will be a Receive Money transaction. UI Text Box |
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| (Partners only) Going to allocate many transactions to the same account? Auto-allocate the next transaction based on the previous transaction's allocation by pressing the + key from a keypad, or Shift and + from a keyboard. For example, if you allocate a transaction to your Sales Account, and the next three unallocated transactions will also go to your Sales Account, pressing + or Shift + three times will do the work for you!You can also attach documents to bank transactions, see Attaching documents to bank transactions and Attaching documents to Spend money transactions. |
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| (Partners only) Need a report showing your client's unallocated transactions? MYOB Partners can generate this report straight from the Bank transactions page. See Banking reports for more information. |
Allocate to more than one accountTo allocate a transaction to more than one account, click the down arrow to expand the transaction. On the Allocate tab, choose the accounts you want to allocate the transaction to, enter any quantities against the transaction, and enter the amount to allocate to each account. Image Removed Image Added UI Text Box |
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| Entering quantities While in the Allocate view, you can enter quantities against transactions, which will then be reflected in the General ledger details report. This means that if you're an accountant who imports the General ledger details report into your practice software, quantities will also be included. |
When you’re done, click Save. The allocation account is shown in the list, next to the transaction details. If you chose multiple accounts, this will appear as Split across accounts. Image RemovedImage Added HTML |
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<h2><i class="fa fa-comments"></i> FAQs</h2><br> |
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title | Unable to How do I allocate a $0 transaction? |
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| How do I allocate a $0 transaction?If you need to allocate an account to a $0 transaction.Click , click on the arrow to the right of the transaction. Type in Enter 100% in the Amount in $ or % field and enter any additional information, w. When you’re done, click Save. Image Modified |
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