Split a pay between multiple bank accounts

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You can choose to split an employee's pay between two different bank accounts. For example, an employee might request that 10% of their wages be diverted to their savings account. When you make these payments, both transactions will be matched to the MYOB Essentials Accounting wages transaction.

Already recorded the pay run to a single bank account?

If you've already recorded the pay run with only a single bank account, you'll need to first delete the employee's pay transaction. See To delete a pay run for a single employee.

1. Set up the employee's pay details to split pay between bank accounts

On the Payroll menu, click Employees. The Employees page appears with a list of all your employees.
Click the employee's name. A page appears displaying the employee's details.
On the Employee details tab under Pay details, select the option Split employee pay between two accounts. New fields are displayed which allow you to specify how you want to split this employee's pay.
Select how you want to handle the split - by Amount or Percentage.
Enter the Account description for the first account, and specify the amount or percentage to go to that account.
Enter the Account description for the second account. By default, the remaining amount or percentage will go to this account. See our example below
Click Save at the bottom of the page.

2. Pay the employee

If you're re-entering a pay you deleted (for example, if you originally recorded the pay without splitting it between different bank accounts), make sure you only include the employee whose pay you deleted.

On the Payroll menu, click Enter pay. The Pay centre page appears.
Select the employee to be paid, then click Start pay run. Details of the employee's pay will be displayed.
Click Review payslips. The Review payslips page appears. At the bottom of the payslip, you'll see how the employee's pay is being split between the bank accounts as specified earlier. See our example below:
Click Return to pay run.
Process the pay as normal.