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MyAccountsHat's avatar
MyAccountsHat
Experienced Cover User
6 years ago

Account Codes for Payroll Transactions

Hi All    Sorry, more questions here.  I've asked this (part of) question before but I'm not sure I phrased it correctly so hear goes again.   We're on cash accounting, as such I don't want any o...
  • MyAccountsHat's avatar
    MyAccountsHat
    6 years ago

    Thanks, Ian 

     

    That answers my question.  However to clarify my point - and maybe there's an issue with my setup - it's my experience that if there are any transactions posted to bank account forward of the period I'm trying to reconcile MYOB tells me that my reconciliation doesn't balance even if the reconcilation screen only includes the transactions for the period I wish to reconcile.  I unfortunately I can't screengrab to show you what I mean graphically at the moment as my reconcilations are up to date and I don't have any future transactions posted to the system at present. 

IanChait's avatar
IanChait
Ultimate Cover User
6 years ago

Hi MyAccountsHat

 

What are you referring to? The post dated transactons will not be included in the Bank Reconciliation. However, you can use a Clearing Account for the payments, and then on the due date, open them and change to the bank account, or post the payment to the Clearing Account.

 

  • MyAccountsHat's avatar
    MyAccountsHat
    Experienced Cover User
    6 years ago

    Thanks, Ian 

     

    That answers my question.  However to clarify my point - and maybe there's an issue with my setup - it's my experience that if there are any transactions posted to bank account forward of the period I'm trying to reconcile MYOB tells me that my reconciliation doesn't balance even if the reconcilation screen only includes the transactions for the period I wish to reconcile.  I unfortunately I can't screengrab to show you what I mean graphically at the moment as my reconcilations are up to date and I don't have any future transactions posted to the system at present. 

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