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This information applies to MYOB AccountRight version 19. For later versions, see our help centre.
https://help.myob.com/wiki/x/2wac
ANSWER ID:11205
The following warning may be displayed when recording a Spend Money or Receive Money transaction:
This error means the account you've chosen in the Pay from Account field (Spend Money) or Deposit to Account field (Receive Money) has been setup as your bank account for electronic payments.
To fix this error, change the account you've setup as your electronic payments account. The tasks below show you how to check (and change) this account, and also how to create a new account (if required).
- Go to the Setup menu and choose Linked Accounts then choose Accounts & Banking Linked Accounts.
Check which account has been selected as the Bank Account for Electronic Payments field. You'll probably find it's the account you're selecting in your Spend Money or Receive Money transaction.
If your regular cheque account is selected here, this will need to be changed to a different bank account (typically an 'Electronic Clearing Account'). Even if you don't intend using electronic payments, we recommend you create an account to specify here so that your regular cheque account can be unlinked from electronic payments. See the next task if you need to create this account.
- In the Bank Account for Electronic Payments field, select an account with banking privileges other than your cheque account.
- Click Yes to the following confirmation.
- Click OK.
If none of your existing accounts are suitable for selection in the Bank Account for Electronic Payments field, you can create an account for this purpose:
- Go to the Accounts command centre and choose Accounts List.
- Click the Assets tab then click New.
- Choose Detail Account in the top left and Bank in the Account Type drop-down list.
- Assign a number to the Account that best suits your Accounts List. Name the account 'Electronic Clearing Account' or similar. See our example below.
- Click OK.
Once you have created this account, select it as the Bank Account for Electronic Payments as described in the previous task. You'll then be able to specify your regular cheque account for Spend Money and Receive Money transactions without the error message appearing.