Forum Discussion

Sharondell's avatar
3 years ago

Opening Balance error

The amount entered for the begining of the financial year in opening balances is correct and as per the actual bank statement. Bank reconsiliations carried out 3 monthly and were correct up until 31 March 2023.

 

Now however all have needed to be undone as nothing now reconciles. When checking the opening balnce for the financial year a message appeares:

Amount left to be allocated xxxxxx which is short if the actaul opening balance.

Tried reconciling June the last financial year to the actual opening balance and that is vastly in a negative.

 

This is the first financial year this file has been in use - opening balance and June 30 should be the same amount.

 

Any ideas?

 

1 Reply

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  • Earl_HD's avatar
    Earl_HD
    MYOB Moderator
    3 years ago

    Hi Sharondell 

    Thank you so much for your post. We do recommend to manually enter $0.00 amount in Account Opening Balance.

    This help article will guide you to fix this issue: Enter account opening balances

    Please do let me know how you go on this.
    Regards,
    Earl