Forum Discussion

Erl_'s avatar
3 months ago

First Bank Reconciliation

We just migrated on MYOB advanced last year. How to bring in bank beginning balance so we can do our first bank reconciliation.

1 Reply

  • jlpatch's avatar
    Trusted Partner

    When you migrated you probably brought in opening GL Balances.  They need to reconciled because they would have been reconciled in the legacy system.  If bank reconciled in legacy system then need to do some adjustments - the accountant can work those out.  then reconcile as per normal.