Note: You must subscribe to MYOB Direct Deposit to make electronic payments to employees
Using MYOB AccountEdge's Process Pay Assistant 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.
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 default accounts for employee payments using the Payroll Linked Accounts window.
The accounts you select as your default payroll linked accounts are displayed in the second step of the Process Pay Assistant -- Select Pay from Account. The accounts that appear as your linked accounts for cash and check transactions can be changed using this window. The linked account for electronic payments can't be changed using this window.
Notes:
Any changes you make using the Process Payroll Assistant windows are used for the current payroll processing session only
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)
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