Hi Bookkeeping12,
To tidy up old transactions in your MYOB AccountRight Plus file:
- Review Old Transactions: First, filter the transactions in the Sales and Purchase registers to find those dating back to 2015 and 2014.
- Verify Payments: Check if these transactions have been paid by verifying 'Spend Money' entries or related bank transactions.
- Mark Off Transactions: For any transactions confirmed as paid but not marked off, manually match them to the corresponding payments to update their status in the registers.
- Clear Unmatched Transactions: If there are transactions without corresponding payments and it's confirmed they should be cleared, consider marking them as paid or writing them off, as appropriate.
Regularly review your transactions to prevent the accumulation of unmarked items. This will help keep correct and tidy records, most importantly for BAS reporting on a cash basis. I suggest asking for the guidance of your accountant while doing this.
Regards,
Shella
