If you’ve transferred money a bank transaction represents a transfer between two of the your bank accounts that you use with MYOB Essentials, MYOB Essentials can identify the two halves of the transaction (withdrawal and deposit) from your imported bank transactions, and match them together, so that you don’t need to enter the transfer manually into MYOB Essentials. For example, if you’ve (for example, you transferred money from your Cheque account to your Savings account, MYOB Essentials Mastercard), you can match both of these bank transactions together.

Note that you can only do this where the transfer is recorded in both bank accounts on the same day. If there is a period of time (for example, 3 days) between initiating and completing the transfer, you’ll need to enter the bank transfer transaction manually into MYOB Essentials (see Record a transfer between accounts) and match both bank transactions to it (see Matching bank transactions).

To match a transfer between bank accounts 

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• If there is only one matching transaction, and it is the correct match for the transfer, click Save.
• If more than one matching transaction has been found in your other bank accounts, select the correct match and click Save.
• If none of the displayed transactions match the transfer, click Cancel.

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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.

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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.

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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.