Payroll

Identifying where the money for the employee payment will be drawn from


Note:  You must subscribe to MYOB Direct Deposit to make electronic payments to employees

Using MYOB AccountEdge's Process Pay feature you can pay your employees by cash, check or electronic payment. These transactions can affect your company's checking accounts, credit card accounts, petty cash accounts and other cash accounts. Many companies, however, use a special "payroll" account from which they pay their employees.

Linked payroll accounts

You'll select the accounts that you want to appear automatically, that is, by default, for employee payments when you assign linked accounts for employee payments using the Easy Setup Assistant. (Using the Easy Setup Assistant -- Payroll) You can also assign and change default accounts for employee payments using the Payroll Linked Accounts window.

Notes:
What is the linked Bank Account for Electronic Payments?


You must subscribe to MYOB Direct Deposit to make electronic payments to employees

Only accounts you've specifically designated as bank accounts or credit card accounts appear in the list. If you want a particular account to appear in this list, you'll need to create the account first. (Creating accounts)

Step by step

Related topics