Forum Discussion

Ddom's avatar
Ddom
Cover User
3 years ago
Solved

Reconcilation - Calculated Statement Balance is incorrect

Hi All

 

The reconciliation calculated statement balance has been changed since the last reconcililation.  

The last reconciled date was 31/10/2021 and the calculated statement balance then was $34,780.15 which matches the ending/closing balance of the October bank statement.  All in all, the carried forward date for the previous month matches as well and also all previous reconciliation reports and bank statements balances all match up too.  

 

However, when I tried to reconcile November, December and January, I noticed that the calculated balance is showing $34,220.59 as at 31/10/2021 a discrepancy of $559.56.  It should have been $34,780.15 which is the last reconciled balance.

 

This discrepancy is carried forward for November, December and January.  

 

I have ticked off all the transactions from the bank statement to the bank register and also the reconciliation register from July 2021 and to date and they all match.  So, all transactions are there and matched, so it should balance, but for the calculated balance brought forward.

 

I have ruled out the duplicated entries, as they were not matched off.

 

Any ideas?  

 

Your assistance is very much appreciated.

 

 

 

  • Ddom's avatar
    Ddom
    3 years ago

    Hi Komal

     

    Thanks for your response.

     

    I followed the steps from MYOB Reconciling your bank accounts.

     

    I eventually got to the last step which was to undo the last reconciliation (which was where the issue started) and somehow the calculated statement balance was reset to the correct balance after that.  

     

    So, I guess in essence your advice to future date and then undo it, would have amounted to the same process.

     

    Thanks again.

3 Replies

Sort By
Replies have been turned off for this discussion
  • LRBooks61's avatar
    LRBooks61
    Ultimate Cover User
    3 years ago

    Hi

     

    I suggest you do a search on the discrepancy amount. As the amount has changed sine the October reconciliation the transaction may be dated prior to October.

     

    Have you gone into the reconcilation screen to see if there are any unreconciled amounts in the bank?

     

    Has a deposit for this amount been deleted?

     

    Hope this is helpful

     

    Lisa

     

    • Komal_S's avatar
      Komal_S
      MYOB Moderator
      3 years ago

      Hi Ddom 


      Further to the suggestions offered by LRBooks61 , the issues with calculated balance can often be resolved by doing a future dated reconciliation and then undoing it. Can you please try doing that and let us know how you go on?


      If the issue still exists, please confirm if you're using AccountRight or MYOB Business so we can then advise accordingly. 

      • Ddom's avatar
        Ddom
        Cover User
        3 years ago

        Hi Komal

         

        Thanks for your response.

         

        I followed the steps from MYOB Reconciling your bank accounts.

         

        I eventually got to the last step which was to undo the last reconciliation (which was where the issue started) and somehow the calculated statement balance was reset to the correct balance after that.  

         

        So, I guess in essence your advice to future date and then undo it, would have amounted to the same process.

         

        Thanks again.

Related content