Electronic payments

https://help.myob.com/wiki/x/c4OXAg

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If you want to pay straight into your suppliers' and employees' bank accounts, there are two ways you can do it:

The new direct payments service is currently in BETA (it's not quite ready yet), so it's only available to selected BETA customers.

Here's a comparison:

Direct payments (BETA)	Using a bank file
Currently only available to BETA customers Australia only available in online company files only streamlined payment process, straight from AccountRight less data entry = fewer mistakes! no need to use internet banking secure payments full payment audit trail fees apply (see FAQs below)	Australia or New Zealand available in both online and desktop company files requires internet banking included with an AccountRight subscription

If you've already been using bank files for electronic payments, it's easy to switch to direct payments (BETA customers only).

Setting up electronic payments

Before you can make electronic payments, you'll need to set up a few things. See these topics for all the details:

There are a few ways to identify that a payment you're making is to be paid electronically:

When you record a Spend Money or Pay Bills transaction, select the Electronic Payment option.
When you record a Pay Liabilities transaction, select the Group with Electronic Payments option.
If you've set up your employees to be paid electronically, when you process their pays they'll be identified as electronic payments.