When you connect an ASB bank account or credit card to MYOB, information from that account is sent by ASB straight into your MYOB business. These bank feeds save time on your data entry. Tell me more about bank feeds.
To connect your ASB account:
you need to be the online owner (this is usually the person who set up your MYOB subscription) or an Online Admin user
ensure bank feeds can be set up for your ASB account (check the list of supported accounts).
There are two parts to connecting your account:
1. Apply Start the application process in MYOB, then finish via ASB's online banking system. Alternatively you can send us an application form. | 2. Link Once your application is approved, choose the MYOB category the bank feed applies to. |
Need to connect additional ASB accounts?
The number of bank accounts you can connect to MYOB depends on your plan. Sign into My Account > Manage my product to see your current limit or upgrade your plan
1. Connect your ASB account
Applying online via ASB's internet banking site is the quickest way to get up and running. Otherwise you can complete an application form.
In MYOB, go to the Banking menu and choose Manage bank accounts.
Click Create bank feed.
Select the type of account you're setting up the bank feed for (Bank account or Credit card account).
Choose ASB from the list of financial institutions.
Select the Application method.
Multiple MYOB Business files or serial numbers?
If you have multiple MYOB Business files or serial numbers, but you only have a single Fastnet login, you can't apply for bank feeds online via ASB internet banking. Instead, you'll need to use an application form.
Online via bank / internet banking (recommended)
Read the displayed information and, if you agree, select the option I confirm that.
Click Next.
Take note of the displayed code or click Copy to copy it to your Windows clipboard. You'll need this code in your online banking to complete the application.
Click Go to online banking and log in to online banking.
Select the account you want to receive bank feeds for.
Select the terms and conditions checkbox.
Click Confirm to submit your application.
Application form
It can take 1 - 2 weeks for your application form to be processed by ASB.
Enter the bank account or credit card details.
Read the displayed information and, if you agree, select the option I confirm that.
Click Next.
On the Sign the authority form page:
Click Print authority form, then complete, sign and scan the form to your computer.
Click Upload authority form to open the secure upload portal.
Enter your Email address.
Upload your scanned application form (either drag and drop the form onto the page or click Browse for files to choose the file from your computer).
Click Submit Application.
How long will it take to approve my bank feed?
Internet banking applications are usually processed by ASB within 24 hours, but it can take a couple of days. Uploaded application forms can take 1 - 2 weeks to be processed. If you haven't heard from us after this time, contact our team.
We'll send you an email when your application has been approved, or you can track the status of your bank feed application.
Once it's ready, you need to link the bank feed to the corresponding category in MYOB—see the next task for details.
2. Link the bank feed to a category in MYOB
Once you've been notified (by email) that your application has been approved and the first bank feed has arrived, you'll need to link the bank feed to the corresponding category in MYOB. This will be the category in MYOB that your bank transactions will be fed into.
To link a category to the bank feed
In MYOB, go to the Banking menu and choose Manage bank accounts. The Manage bank accounts page opens, listing all the bank feeds you have set up and their status.
In the Linked category column for the new bank feed, choose a category from the list. This will be the category that the bank feed transactions will be fed into. You can only select categories set up as a bank account or credit card. Learn more about categories.
Click Save to finish.
What happens next?
Your bank transactions will automatically be fed into MYOB at the frequency specified by ASB for your account type.
You can then categorise those transactions or match them to existing transactions. You can even set up rules to make it happen automatically. Find out all about Working with bank transactions.
The first bank feed you receive will have transactions dated from when your bank feed was approved. Any transactions that occurred while you were waiting for the bank feed to be set up won’t be included, but you can import these transactions from your bank statements.