Integrating MYOB Advanced with Bank Feeds

MYOB Advanced is integrated with Plaid and MX, which are financial service companies that provide secure bank feeds. A bank feed is a secure link between MYOB Advanced and a company's bank profile, which can include multiple bank accounts. A bank feed is used for the automatic import of bank transactions into the system. A company may create different bank feeds for different banks or if the accounts in one bank are registered to different users, each having a separate set of credentials. With this integration, MYOB Advanced users can automatically connect to their bank profiles, import bank transactions to MYOB Advanced, and create expense receipts based on these transactions.

Bank feed integration is available in the system if the Bank Feed Integration feature is enabled on the Enable/Disable Features (CS100000) form.

If this feature is enabled, Plaid and MX subscription will become available to users in MYOB Advanced without the need to register separately in Plaid and MX. MYOB Advanced will store and return Plaid and MX authentication by using a special proxy server through API.

The Bank Feed Integration feature is subject to licensing. If an organization needs to create more than one bank feed, it should buy an appropriate license.