Start a Post

Reconcile Credit Card and cheque account that have been imported

lionpat
3 Posts
Cover User
Solved: Go to Solution

Reconcile Credit Card and cheque account that have been imported

I use to split the credit card payment in the cheque account over the expenses, but when I went into mastercard and allocted the expenses I was just doubling up in G.L. against expenses.

Then I changed to allocating payment of Creditcard to the Credit account, then went over to Mastercard transactions and allocated the different expenses  then allocated the principal credit side to cheque account.

I now have all the expenses correct in GL but Cheque Account and Mastercard account in GL is incorrect.

Very fustrating can anyone help

 

Thanks

 

Lionpat

4 REPLIES
MYOB Staff Post RienaP
1,144 Posts
MYOB Staff Post
New Zealand

Re: Reconcile Credit Card and cheque account that have been imported

Hi @lionpat,

 

Welcome to the Community forum and I hope you will find this useful. 

 

My take on this would be to check your transaction history under Banking tab>>Cheque account and Credit Card account given the date range to see if the transactions are recorded under the correct account. Once you have checked that all transactions are allocated to the correct account then it will be easier to reconcile your accounts. Also, you will be able to check if the transactions are recorded twice.

 

If it is only your Cheque and Mastercard that is not correct then you can transfer the funds from the account so your accounts have correct balance or you can allocate it to the correct account from there.

 

Please let us know if there is any other queries and we are happy to help you further.


Regards,
Riena
MYOB Training Specialist
lionpat
3 Posts
Cover User

Re: Reconcile Credit Card and cheque account that have been imported

Thanks Riena

 

I ended up changing Bank Tranactions to the old banking and matched the Principal Credit on the credit card to the correct match. Old transaction give you the check box so you have a choice of where to match to. I don't know how to do this in the new system can you help there for any future problems I might have

 

Thanks again

MYOB Staff Post RienaP
1,144 Posts
MYOB Staff Post
New Zealand
Accepted Solution Solved Solution

Re: Reconcile Credit Card and cheque account that have been imported

Hi @lionpat,

 

Thanks for your feedback and for coming back to us. Much appreciated.

 

In the new system firstly, you will drop down the arrow far right

22-1.png

 

Secondly, you need to click Match Transactions>> Filter by All Transactions  and you will see all the transactions. Select the ones it applies to and pay attentions to the Remaining balance should go to $0.00 before you Save the transaction.

 

22-2.png

Hope this helps!

 

Let us know if there is anything that we can help you further with. We are more than happy!

 


Regards,
Riena
MYOB Training Specialist
lionpat
3 Posts
Cover User

Re: Reconcile Credit Card and cheque account that have been imported

Thanks Riena thats a big help

Didn't find your answer here?
Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post