How to Add Bank Account to MYOB – Your Question Answer

This article will guide you about How To Add Bank Account To MYOB, Link Bank Account To MYOB, edit business bank details on MYO, add banking details to an invoice on MYOB and more.

Without delay, let’s read the step-by-step process.

How To Add Bank Account To MYOB?

To add a bank account to MYOB account, you need to follow the given steps:

Visit the official website of myob.com and login into your MYOB account.
Go to the accounts command center and select Accounts List from the menu.
Select which bank account you want to use for electronic payments (an account with a Bank or Credit Card account type).
Select the “Edit menu” option.
Then select the “Banking: tab from the menu.
A window will appear displaying account information including an example of banking details, in the fields provided, enter your bank account.
You need to choose an option that says “I generate Bank Files (ABA) for this Account,” and also provide the required for the electronic payment file (ABA file).
To complete the following process, you need to contact your bank.
Type in the three-letter bank code that identifies your financial institution in the space provided.
Enter the Direct Entry User ID provided to you.
Select the option to add a self-balancing transaction. if self-balancing transactions are required by the bank file.
Then, Click on the OK button.

How to edit business bank details on MYOB?

Follow the simple steps to edit business bank details on MYOB.

You can edit your bank details in the merchant portal, accessible from MYOB Essentials. Visit the official website of MYOB and log in to your account.

In the top-right corner, click your business name.
Select the “Invoice and quote settings” option.
Click the Payment Options >> click Edit your online payment options.
When prompted, sign in to the merchant portal.
Then, select the Edit option for:
- You need to follow the onscreen instructions to edit your account details such as:
  - Settlement bank account.
  - Bank account for direct debit of fees.
  - Ledger account to record payments.
  - Ledger account to record fees and charges.
Then, Click on Save Button.

Once you successfully Edit your business bank details, You will receive an email within 48 hours to confirm the changes you have made.

What about MYOB?

MYOB accounting software is helping Cat and Morgan grow their knit kit company from a blossoming side-hustle to a global eCommerce retailer.

Conclusion

I hope you will get the answer to the question of how to link a bank account to MYOB or add a bank account to your MYOB.com account. You can share this article with your friends. follow us for more information.