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GoosesAccounts's avatar
GoosesAccounts
Experienced User
3 years ago

Bank rec issue

Hi can someone please assist with my bank rec issue. All accounts were reconciled up until 31/10/21 and when I went to do the following months the cheque account was exactly $2k out. I rolled back and back and back until I was going back into locked periods still with the same result. How can this be can someone from MYOB (account right) please look into our software and tell me what I have done.

 

Thanks,

Andrea 

  • LRBooks61's avatar
    LRBooks61
    Ultimate Cover User

    Hi Andrea

     

    Can you find any unreconciled transactions in your reconcile bank in your MYOB file?

    If there isn't anything there :

     

    Do a search for $2k in your bank and in your myob file and make sure you have the exact transactions in your MYOB file as your bank

     

    Are you under or over?

     

    Under would suggest a missing deposit

    Over would suggest a duplicate payment

     

     

    • GoosesAccounts's avatar
      GoosesAccounts
      Experienced User

      I have done all of this but the difference is gong back into prior years… it seems that one bank account is up and the other is down so I have done a transfer journal for now but I notice I have the same issue with another account that reconciled perfectly and now it’s out by 13cents which is a common interest transaction within that account so something seems to be weird going on

      • LRBooks61's avatar
        LRBooks61
        Ultimate Cover User

        there are only a couple of other things I can think of

         

        If you transfer between the two accounts the transfer transaction may have been coded to the same account in error.

         

        Check that you don't have any post dated transactions in the ledger - change the date to 2099 to see if there are any transactions then

         

        The same could possibly apply to the other account with the 13 cents interest.  Are you over or under? After checking I would just do the transaction to reconcile. No point, fpr 13 c to put a lot of effort into it,

         

        Hope this helps

         

        Lisa