RELATED IDEAS
Enhance processing of ABA files for Payroll
Payroll – Reckon needs to streamline the method that Payroll is processed and ABA files are recorded so that they match to the figures on Bank Feeds.
In other (MYOB & Xero) packages the payroll is posted to a Payroll Clearing Account, then when an ABA file is raised, the Employees being paid in that file have their record in the clearing Account Debited and the total of the ABA file is posted to the Main Bank Account, this then enables a direct reconciliation with the Bank Feed as only the Total of the ABA file shows on the Bank Statement, not the individual employee pays.
This would also be appropriate for paying Creditors and other accounts when paying by ABA.
All users of Reckon who utilise ABA files for payments would benefit from this change.
I note that this has been complained about for many years on the internet forums and nothing has been done.
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ADMIN RESPONSESep 27, 2019
The ability to do this already exsists and is common practice for many users. Simply create a clearing account (Type = Bank) and mark this account as your ONLINE BANKING account. All payments that are of a batch nature (or any online payments for that matter) can now be processed via this account.