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Go to the Banking command centre and click Prepare Electronic Payments. The Prepare Electronic Payments window appears.
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In the Pay From Account field, select the bank account from which you are paying. The banking details of the account you select are included in the file that you send to the bank for processing.

(Not Basics) 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.

(Australia only) 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 the date you want the payment to be processed.

Click in the select column ( _{Image Removed} ) next to those payments you want to process.

(Australia only) Click Bank File. A window appears, informing you that the payment will be recorded before the bank file is created.

(New Zealand only) Click Process. A window appears, where you can change the transmission date (which can be any date between the computer date and the processing date), and enter details that you want to show on your statement.

Click OK. The Save As window appears.

Select the destination folder and name for the electronic payment file (for Australia, the file extension must be ABA) and click Save. The payment information is saved in a file that you can send to your bank for processing.

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Direct payments

Pay directly from AccountRight (only available if you're already set up for this feature – we're no longer taking new applications).

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What's the difference?

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If you want to pay suppliers electronically, select the Group with Electronic Payments option when you record a payment in the Spend Money window, Pay Bills window or other windows where the option to pay electronically is available. You then prepare an electronic payment file for your bank to process the payments.

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Electronic payment files contain the payment information for your bank to process, including your bank details, your payees’ bank details and the amounts you want to pay. (In Australia, electronic payment files are prepared using the Australian Bankers’ Association (ABA) file format.)

When you have prepared an electronic payment file, you can send straight into your suppliers' and employees' bank accounts you can use a bank file, or pay them directly.

Using a bank file

Create a bank file from AccountRight then upload it to your bank for processing (for example, by using online banking software provided by your bank). Contact your bank for more information on how to send electronic payment files for processing.

Setting up electronic payments

Before you can prepare an electronic payment file, you need to complete the electronic payment setup tasks. For more information, see Set up electronic payments.

Once you've recorded all the supplier payments you want to pay electronically, you can prepare an electronic payment file.

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Using a bank file	Direct payments
available in Australia and New Zealand both online and desktop company files included with AccountRight (bank fees may apply) internet banking required	available to selected Australian customers (see note below) online company files only MYOB fees apply (see FAQs below) internet banking not required can pay expenses via credit card or Mastercard debit card streamlined payment process less data entry = fewer mistakes! additional security full payment audit trail

If you want to prepare another electronic payment file, repeat from step 2.

Click Cancel to exit the Prepare Electronic Payments window.

Direct payments availability Only businesses that are currently set up for direct payments can use this feature. We're no longer taking new applications.

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If you are preparing multiple electronic payment files, make sure that you do not overwrite an unprocessed file when saving.

Setting up electronic payments

Before you can make electronic payments using bank files, you'll need to set up a few things. For all the details see Setting up electronic payments for bank files.

Making payments

Once you've set up electronic payments, you're ready to start making payments. If you're set up for bank files see Making electronic payments with a bank file.

If you're already set up for direct payments see Making electronic payments directly.

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<h2><i class="fa fa-comments"></i>  FAQs</h2><br>

There are two ways to find the Electronic Payment. This can be done using the Transaction Journal or by running the Electronic Payments Register report.

Go to Banking > Transaction Journal > Disbursements tab.

Look for the ID No. starting with EP on the date you prepared the electronic payment.

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title	What if part of an electronic payment is rejected by the bank?

If an individual payment within an electronic payment file is rejected by the receiving bank, you'll need to reverse the payment then process the reversal through the Prepare Electronic Payments window.

Here's what to do:

Find the rejected payment:
1. Go to Banking > Transaction Journal > Disbursements tab.
2. Open the rejected payment.
Reverse the payment.
1. Go to the Edit menu and choose Reverse Payment.
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  Can't see "Reverse Payment"?
  Open the preferences (Setup > Preferences > Security tab) and select the preference Transactions CAN'T be Changed; They Must be Reversed.
2. Check the transaction details then click Record. The reversal is now available in the Prepare Electronic Payments window as a negative amount.
Process the reversed payment through the Prepare Electronic Payments window as described above. This will balance your electronic clearing account.
Enter the replacement payment using the same method used for the original payment. If paying electronically, make sure you address why the original payment was rejected.

When reconciling your bank account

As the reversal transaction is posted as a deposit to your cheque account, it will correspond with the rejected payment on the bank statement. The replacement payment, being a withdrawal, will also correspond with the bank statement, so simply mark off these transactions as Cleared as they appear on your bank statement.

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title	How can I find the electronic payment once it has been created?

Transaction Journal

Report

Go to the Reports menu (at the top of the AccountRight window) and choose Index to Reports. The Index to Reports window appears.
Select the Banking tab and choose the Electronic Payments Register report.
Enter or select the date range or period for which you want to view the report.
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Click Display Report. The Report window appears.
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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

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Set Setting up banking: Electronic payments

About bank feeds

Recording money you spend and receive

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electronic payments for bank files

Making electronic payments with a bank file

Making electronic payments directly

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Direct payments

What's the difference?

Using a bank file

Setting up electronic payments

Setting up electronic payments

Making payments

What are the fees for using direct payments?

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