Forum Discussion

Coco123's avatar
2 years ago

Undeposited funds account total 0 but showing $ - xxxx there.

Hello,  

 

I did transaction Sales receipt deposit $ 100 and $ -100 into undeposit funds account. so that I can match off $100  and $-100 in undeposit funds account. 

Somehow, there is $ -100 but there is not $ 100.   I have checked general legdger and showing $ 100 and $ 100 Debit and credit.   

 

and then when I go to account list, the balance showing, Bank ac balance $ 100, and Undeposited funds account $ -100.  Total balance $0. 

I prefer bank account $ 0 and undeposit funds account $ 0 as well.  

 

How can I fix it ?  Please help . 

 

Best regards 

Coco123 

 

  • Genreve_S's avatar
    Genreve_S
    MYOB Moderator

    Hi Coco123

     

    Thanks for reaching out. 

     

    My understanding is that you "prepare bank deposit" and transferred the $100 to the bank account of your choice. This will result in having a credit to your bank account of choice for $100 and a debit of the same amount under undeposited funds. May I know what we are trying to accomplish? 

     

    We are looking forward to your reply. If you have any other concerns or question feel free to include then in your next reply. 

     

    Cheers, 

    Genreve

     

     

    • Coco123's avatar
      Coco123

      Hi 

      Please find attached files. 

      1) Accounts list on MYOB Accountlight : 

      Bank account $ 200  

      Undeposited fund $ -100 

       

      CBA bank statement balance $ 100 

       

      2) Prepare bank deposit on MYOB Accountlight : 

      Undeposited funds account  sitting $-100  

       

      However,  I reconciled undeposited funds account on  general journal  there was  $+100 and $-100, so the balance is nil.   Ledgers are correct. 

       

      When you click current balance of bank account  on accounts list  all transaction are there, and the balance $ 100 , NOT $ 200.  

       

      Undeposit funds account balance $ 0  

       

      So, summary of accounts list shows bank ac $ 200, but on the ledger balance says $ 100 

      undeposited funds ac $ -100, but on the ldger balance says $ 0 

       

      Why not matched account list balance and ledger balance. ??  

       

      Does make sense to you  what I am saying ? 

       

      B rgds 

      coco 

       

       

       

       

      • Hi 1Genreve_S 

         

        Could you please contact me directly to discuss this issue?  

         

        Best regards 

        coco