PAYID instead of BSB and account number

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Is it possible to pay to PayID numbers in desktop accounts.

There's no option to attach anything but BSB and account numbers that I can find.

I'd like to change payroll particularly to PayID and also have suppliers requesting it.

Best Answer

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,408 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited February 2023 Answer โœ“
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    No problem ๐Ÿ˜Š

    You won't find it on this forum though as it's on "Reckon Ideas" which is actually a completely separate, stand-alone site for submitting & voting on new features for Reckon products.

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)

Answers

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,408 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
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    Unfortunately not at this stage ๐Ÿ˜ฌ

    PayID is still a relatively new banking concept (compared to EFT & EFTPOS) & Reckon's feedback on this a few years ago was that banks/financial institutions were charging quite high per-transaction fees for it in the B2B space back then.
    Hopefully it will become a viable option in the near future as PayID becomes more commonly-used.

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • richardkeeler
    richardkeeler Member Posts: 3 โœญ
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    Please see this link on PayID, now in its fifth year of operation - https://en.wikipedia.org/wiki/New_Payments_Platform

    There are no fees for using this system at present. It is effective and improves transactional safety by removing the need to share bank details.

    I don't imagine it's going to go away so find it hard to understand why a transactional software doesn't provide access.

    I have suppliers who now only use this on their invoices and have to pay them manually!

  • Acctd4
    Acctd4 Accredited Partner Posts: 3,408 Reckon Accounts Hosted Expert Reckon Accounts Hosted Expert
    edited February 2023
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    Hi Richard

    I'm not involved in the development of the program at all - I was just reiterating Reckon's feedback on this query (from several years ago now!):

    I'd recommend adding your vote & comments there as it's already under consideration & the more popular a feature idea is, the more likely it is to be implemented (where possible) ๐Ÿ˜Š

    Shaz Hughes Dip(Fin) ACQ NSW, MICB

    *** Reckon Accredited Partner (AP) Bookkeeper - specialising EXCLUSIVELY in Reckon Accounts / Hosted ! ***

    * Regd BAS Agent (No: 92314 015)* ICB-Certified Bookkeeper* Snr Seasonal Tax Consultant since 2003 *

    Accounted 4 Bookkeeping Services

    Ballajura, WA

    shaz@accounted4.com.au

    https://accounted4.com.au

    (NB: Please give my post a Like or mark as Accepted Answer if I have been able to resolve your query as this helps others when seeking solutions!)
  • richardkeeler
    richardkeeler Member Posts: 3 โœญ
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    Thank you for the link. This doesn't come up in the help search:)

  • Chell
    Chell Member Posts: 1 โœญ
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    Hi all

    PayID is being updated to PayTo whereby a customer does not need to share their personal banking details in the transaction. A better concept than PayID giving more control back to the customer. I would love to see this feature too in helping business and customers avoiding all these transaction fees. To help with this I would need to create a unique customer ID number seperate to an invoice number. Having a customer ID means customers still uneasy using electronic transactions and still in the age of cash and cheque could use a smart EFTPOS machine using a customer id in their deposit transaction. Is their a way Reckon desktop premier could manage a client/customer ID?

    thanks in advance.