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[#1]

Hi,

I have reconciled January month with bank statement perfectly. However, there are few transaction of the past months are still there which I wanted to delet as of those are not of use due to change in management. I have deleted few entries from where we do reconciliation,i.e., bank deposits, and their respective invoices as well.

Now my queries are as follows:

1) Is it a right way to do that in myob

2) the calculated bank statement balance is changed and when I put January's bank statement balance on the new statement balance box, it showing the deficit of -1335.67. Could you please suggest the correct way of deling the same problem in a step wise manner.

Waiting for the swift reply, that will be much help.

Regards,

Prashant

[#2]

Hi,

I have reconciled January month with bank statement perfectly. However, there are few transaction of the past months are still there which I wanted to delet as of those are not of use due to change in management. I have deleted few entries from where we do reconciliation,i.e., bank deposits, and their respective invoices as well.

Now my queries are as follows:

1) Is it a right way to do that in myob

2) the calculated bank statement balance is changed and when I put January's bank statement balance on the new statement balance box, it showing the deficit of -1335.67. Could you please suggest the correct way of deling the same problem in a step wise manner.

Waiting for the swift reply, that will be much help.

Regards,

Prashant

[#3]

Hi,

I have reconciled January month with bank statement perfectly. However, there are few transaction of the past months are still there which I wanted to delet as of those are not of use due to change in management. I have deleted few entries from where we do reconciliation,i.e., bank deposits, and their respective invoices as well.

Now my queries are as follows:

1) Is it a right way to do that in myob

2) the calculated bank statement balance is changed and when I put January's bank statement balance on the new statement balance box, it showing the deficit of -1335.67. Could you please suggest the correct way of deling the same problem in a step wise manner.

Waiting for the swift reply, that will be much help.

Regards,

Prashant

[#4 · Accepted solution]

Hi Prashant

If you delete transactions that have been cleared and reconciled from previous months there will be a continual error in your receonciliations unless there are some correcting entries made.

You mentioned that there has been some changes to the management of the company and this is why the entries need to be deleted.  The best advice I could give to you (and I sure that others will agree) is to take the matter to your company's accountant and ask for guidance and advice as to what correcting or adjsuting entries are required to best reflect what the new management wants.

Regards

[#5]

Hi,

I appreciate your prompt reply, but those entries are not reconciled and not required to be paid to the respective supliers as those expense done by the old management for their own sake. New management asked me to get rid off all those unnecessary entries that's sitting  there for long...

I hope there must be some sort of quick solution to the same prob.

Waiting for your swift reply,

Regards,

Prashant