M-Powered Payments > Setting up > Setting up your suppliers
To be able to make M-Powered payments to your suppliers you need to enter their bank account details into your company file. You can enter details of one bank account for each supplier.
To be able to send automatic remittance advices when you make MYOB M‑Powered payments, you need to set up remittance details in your suppliers’ cards. Remittance advices are sent to your suppliers automatically, via email or fax, when MYOB M‑Powered payments have been cleared by your bank. Note that remittance details cannot be sent to employees.
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Click the Supplier tab and select the a supplier you will pay using M-Powered Payments.
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Click the Payment Details tab.
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Enter the text that you want to appear on the supplier’s bank statements in the Statement Text field.
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The number entered in the Cheque No field in the Pay Bills or Spend Money window will appear in the Statement Text field (for example, ‘PAYMENT ID1’). You can change this text before recording transactions in the Pay Bills or Spend Money window, if required.
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Select the Send Automatic MYOB M-Powered payment Remittances to This Supplier option. The Remittance Method and contact detail fields appear.
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Before you can set up remittance details for your suppliers, you need to activate MYOB M‑Powered payments. You only need to activate your service once. To do this, click Send/Receive in the M‑Powered Services Centre.
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Select the remittance method in the Remittance Method field.
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Enter the remittance contact details in the Email or Fax field. If you have entered an email address or fax number in the Profile tab of this supplier card, these details will appear in this field by default. You can change these details if required.
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Repeat from Step 2 for all other suppliers you will pay using MYOB M‑Powered payments.
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Click Close.
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