Reconcile transactions in MYOB with or without bankfeed and Fix Out of Balance for the period

You need to review your myob transactions with your bank statement

To make sure that you have correctly reconciled from the month before change the date to that closing date

Eg if you are reconciling March put in 28/2/22 the calculated closing balance should equal the closing balance in Feb

 If that is all okay proceed :

When you go into reconcile accounts , select the date to reconcile this will give you a calculated closing balance 

(eg 31/3/22)

Is it the same as your closing balance on your bank statement?

 Are the entries there have they been ticked as reconciled?

Depending on where your file is at determines the way you go forward.

Basically manually reconciling is checking each entry against your bank statement , ticking it off in the MYOB file

and entering or deleting any overlooked or tranasactions.

Bank feeds just input your statement from the bank , if you have bank rules that can automatically do some transactions but some will need to be done manually

With or without bank feeds if you don't reconcile you need to investigate.

Bank feeds will auto reconcile transactions - so I would look for unreconciled entries in your bank rec they may be doubles or transactions that are the wrong date or not yet processed by the bank

If you don't use bank feeds it is just a matter of matching the MYOB transactions to the bank statement and fixing the anomilies

Hope this is useful

Lisa