Setting up MYOB AccountRight 19 to process direct debits
Overview
Before processing direct debits, you will need to have done the following preliminary setup in MYOB.
Identify the Undeposited Funds Bank Account
The customer payments will be recorded against your undeposited funds account. You must know which one to use otherwise you will not be able to prepare the bank deposit transaction in MYOB.
To identify your Undeposited Funds account, see Identifying the Undeposited Funds bank account in MYOB AccountRight.
Setup the 'DirectDebitsLink' Payment Method
The payment methods must be correctly defined in MYOB.
For more information, see Setting up the DirectDebitsLink payment method in MYOB AccountRight 19 .
Assign the 'DirectDebitsLink' Payment method to Customers
The 'DirectDebitsLink' payment method must be assigned to all customers who will be paying via direct debit. In addition, the banking details must be entered for those customers.
For more information, see Assigning the DirectDebitsLink payment method to customers in MYOB AccountRight 19 .