About Debtors Banking Batches

Debtors banking batches are used to tag Debtor payments as belonging to a specific banking batch. Banking batches provide the following benefits:

Production of banking documents
Consolidated postings to General Ledger.
Support of multiple bank accounts in General Ledger.
Automatic calculation of Banking fees.
Optional integration with Point of Sale shifts and EFTPOS settlements.

If you want to post Debtor receipt batches to the General Ledger at the same time as you receipt them, you should use the Debtor Receipt Batch Entry window, which also includes bank batch creation and posting functionality.

Banking batches are created for a single payment group, and use the GL bank account number and bank fee settings of the payment group.

Banking batches are also automatically created from other functions in MYOB EXO Business:

POS post shifts to banking
EFTPOS Settlement cutover
Integrated Cashbook Entry (when keying rows to the Debtors ledger)
Processing Automatic Payments (in Finance)
Processing Direct Debits (in Finance)

When performing an EFTPOS settlement cutover, separate banking batches are created within a Payment Group so that EFTPOS transactions are banked separately from non-EFTPOS transactions. As settlement automatically banks the takings it is logical to separate these from manually banked debtor payments. This also aids bank reconciliation of consolidated General Ledger postings.

Note: Debtors transactions are also created in Integrated Cashbook, when cashbook entries are keyed for type 'D' (Debtors). The Debtor transactions are automatically allocated to a banking batch when the batch is “saved” via the Process button. Direct Debits also create debtors payment transactions which are allocated to banking batches. Automatic payments (Finance module) also create debtors payments transactions which are allocated to banking batches.