M-Powered Payments > Making MYOB M-Powered payments > Creating MYOB M-Powered payments
After you have recorded the payments you want to make to your employees and suppliers in your company file, you are ready to create MYOB M‑Powered payments.
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Go to either the Banking, Purchases or Payroll command centre and click Prepare Electronic Payments. The Prepare Electronic Payments window appears.
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In the Pay From Account field, select the business bank account from which the payment will be made. (Make sure you select an account that you have nominated for making MYOB M-Powered payments.)
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Enter the text to appear on your bank statement in the Your Bank Statement Text field. The payment identification number displayed in the Payment # field appears by default.
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Select the payments you want to process by clicking in the select column next to them. Click the select button (
 ) to select all the payments at once. |
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Click Record.
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If you entered a bank processing date that is 45 days or more after the current date, a warning message appears, advising that you need to change the date in the M‑Powered Services Centre to be able to authorise the payment. Click OK to this message. The M-Powered Services Centre window appears.
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In this case, the transaction has been recorded in your company file. It has also been transferred to the M-Powered Services Centre with the status To Be Authorised.
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If you entered a bank processing date which is the current date or which is less than 45 days after the current date, then the Authorisation window appears.
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If you want to change your payment, but you have already clicked the Process button, see Changing MYOB M-Powered payments.
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Click Authorise Now. The payment is recorded in your company file and an electronic instruction for payment is transferred to the M‑Powered Services Centre from where it will be sent.
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When you click Authorise Now, the payment is recorded in the M‑Powered Services Centre with a status of Partially Authorised, and a window appears offering you the choice to perform the second authorisation now or later. Click Cancel to complete the authorisation later. The Prepare Electronic Payments window appears. Click M‑Powered Services Centre to complete the payment’s authorisation now. For information about how to complete the payment’s authorisation, see Sending MYOB M-Powered payments.
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If you are not an M-Powered authoriser, click Authorise Later. The payment is recorded in your company file and an electronic instruction for payment is transferred to the M‑Powered Services Centre to be authorised and sent later. In this case the status in the M‑Powered Services Centre reads To Be Authorised.
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