Some of our clients report that this area of MYOB EXO Finance is confusing.  The purpose of this document is to explain the process more clearly and provide a recommended process.

The purpose and benefit of Debtors Banking Batches are:-

• Production of banking documents
• Consolidated postings to General Ledger to assist with Bank Reconciliation (eg post Eftpos transactions as one amount to match what appears on your Bank Statement)
• Support of multiple bank accounts in General Ledger
• Automatic calculation of Banking fees
• Ability to have one User (accounts clerk) enter the payments, and another User (admin mgr) to check and post them