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Banking > Electronic payments
You can make electronic payments in the following ways:
Electronic payment files contain the payment information for your bank to process, including your bank details, your payees’ bank details and the amounts you want to pay. Electronic payment files are prepared using the Australian Bankers’ Association (ABA) file format.
Once you have prepared an electronic payment file, you can send it to your bank for processing (for example, by using online banking software provided by your bank). Contact your bank for more information on how to send electronic payment files for processing.
Before you can prepare an electronic payment file, you need to complete the electronic payment setup tasks. For more information, see Set up electronic payments.
When you record a supplier payment in the Spend Money window, select the Group with Electronic Payments option to indicate that you want to pay the supplier electronically.
Once you have recorded all the supplier payments you want to pay electronically, you can prepare an electronic payment file.
To prepare an electronic payment
Go to the Banking command centre and click Prepare Electronic Payments. The Prepare Electronic Payments window appears.
In the Pay From Account field, select the bank account from which you are paying. The banking details of the account you select are included in the file that you send to the bank for processing.
If you want to group the electronic payment by payment type—for example, to pay employees only—select a type in the Select Payment By field.
In the Your Bank Statement Text field, type the text you want to appear on your bank statement.
In the Bank Processing Date field, type the date you want the payment to be processed.
Click in the select column () next to those payments you want to process.
Click Bank File. A window appears, informing you that the payment will be recorded before the bank file is created.
note : The Record button is used to record MYOB M-Powered payments
Click OK. The Save As window appears.
Select the destination folder and name for the electronic payment file (the file extension must be ABA) and click Save. The payment information is saved as an ABA file which you can send to your bank for processing.
If you are preparing multiple electronic payments, make sure that you do not overwrite an unprocessed ABA file when saving.
Click Cancel to exit the Prepare Electronic Payments window.

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