Forum Discussion
Hi, AngieFF. Welcome and Thank you for your post in the Community Forum.
While there doesn't seem to be any obvious transactions causing these issues and all accounts have been reconciled, it's possible that the migration from Accounting Plus version to Business Lite could be a factor in these discrepancies.
To better assist you, could you please provide a screenshot of the transaction in question? This will help us to investigate the issue more thoroughly and provide you with the most accurate guidance.
Thank you for your cooperation, and we're here to support you in resolving this matter as quickly as possible.
Best regards,
Hannah
Hi, AngieFF. DId you check your opening balances? If not, kindly edit this to match the transactions. You can find your account opening balances on a trial balance report, a balance sheet or a profit & loss report prepared immediately prior to when you started using MYOB. You can either ask an accounting advisor (such as your accountant) to prepare these reports, or find your account opening balances using your previous accounting software or paper-based records.
If you began using MYOB:
- at the start of your financial year, enter the opening balances of your asset, liability and equity accounts only. The opening balances of your income, cost of sales and expense accounts should be zero.
- at any other time of the financial year (for example, in September, when your financial year started in July), enter the opening balances of all your accounts.
- AngieFF2 months agoUser
Trial Balance and everything else is correct.
It is just this report.
MYOB converted my files during the year from Account Plus to Business Lite.
After the conversion I checked the GL and Trial Balance figures and everything matched.
I have now run the FYE GL Summary and noticed opening balances which are wildly incorrect.
- Doreen_P2 months agoMYOB Moderator
Hi AngieFF,
Thanks for your response.
Were you able to check the balance sheet to see it it's matching? Kindly provide us with a screenshot of the balance sheet to investigate this. You can send the balance sheet through private message.
Best regards,
Doreen