Forum Discussion

MPNH's avatar
MPNH
Experienced User
6 months ago

Inactive account showing on bank feeds with an out of balance amount

Hi,

 

We have an inactive bank account that the bank feeds page defaults to. This bank account is inactive and cannot be selected from the drop down list. It also shows an out of balance amount. This account has been closed and has a zero balance which shows in MYOB. It shows an amount in the bank statement closing balance (this is the difference). How do I remove this balance? The bank account was reconciled with a zero balance. If this is fixed, will this account no longer show in the bank feeds page?

 

Thanks in advance.

2 Replies

  • Shella_A's avatar
    Shella_A
    MYOB Moderator
    6 months ago

    Hi MPNH​,

     

    That can definitely be confusing! Usually, if there’s an out of balance showing for an inactive bank account, even if it’s closed and reconciled. It’s because the bank feed still has a different closing balance from your MYOB account’s balance. Check this link about fixing out of balance. If you’re able to clear out that difference so both balances match, the account should drop off the bank feeds page once it’s fully inactive and no longer has any feeds assigned. If it’s still showing up after that, give our Live Chat team a buzz via our virtual assistant, MOCA or by submitting a support case via MyAccount so they can check it further.

     

     

    Cheers,

    Shella

  • MPNH's avatar
    MPNH
    Experienced User
    6 months ago

    Thanks for the reply Shella_A​. The account has been fully reconciled with a zero balance. I tried undoing the last reconciliation and doing it again in case it was a glitch. The account was closed on the 8th of May & reconciled as at that date but the last bank statement date was the 1st of May. I don't know how to update the bank statement date as the account is closed. I will log a support case as I don't think it's something I can fix.