Setting up your business bank accounts

M-Powered Payments > Setting up > Setting up your business bank accounts

When you applied for M-Powered Payments, you nominated business bank accounts to make electronic payments from. You can select any nominated business bank account when preparing electronic payments in your company file.

You need to enter the details of nominated business bank accounts into your company file.

To set up your business bank accounts

1	Go to the Accounts command centre and click Accounts List. The Accounts List window appears.

2	Select an account you will make M-Powered Payments from. This must be an account you nominated on your application for the service.

note : If the bank account you are setting up does not appear in the accounts list...

You need to create a new bank account. To create a new bank account, click New in the Accounts List window and enter the account details. For more information, click the Help button and choose Help for this Window.

3	Click Edit. The Edit Accounts window appears.

4	Click the Banking tab. The Banking view appears.

5	Enter the BSB Number, Bank Account Number, Bank Account Name and Company Trading Name.

6	If the I Create Bank Files [ABA] for This Account option is selected, then you have previously set up this account for creating ABA files. To continue creating ABA files using this account, leave the option selected. Note that you do not need to select this option to use MYOB M-Powered Payments.

7	Click OK. The Accounts List window appears.

8	Repeat from Step 2 for each additional business bank account that you have nominated for making M-Powered Payments.

9	Click Close.