bank rec

Question

Hi ,&nbsp; &nbsp; It seems&nbsp; my bank rec does not balance. followed the&nbsp; help&nbsp; steps, but&nbsp; something is not right.&nbsp; thoses instructions&nbsp; dont add up, ?&nbsp; &nbsp;My previous month is all&nbsp; balanced . Aug does not.&nbsp; How can i&nbsp; correct this please.thank&nbsp; you,&nbsp;Stone

jesh_d · Accepted Answer

Hi&nbsp;STONE&nbsp;
&nbsp;
Thank you for your post. Can I please confirm if the Help Article you are referring to is: Resolving out of balance bank reconciliations? Have you checked:
&nbsp;

If you&nbsp;set up a bank account and carry over an opening balance? If so, have you performed an&nbsp;initial bank reconciliation?&nbsp;
Did you type the correct figure in the&nbsp;Closing Statement Balance&nbsp;field? You need to type the closing balance from your bank statement, not the opening balance.
Did you enter the correct date (that of the closing balance from your bank statement) in the&nbsp;Bank Statement Date&nbsp;field? An incorrect date may prevent some transactions from appearing in the list.
Did you select all the transactions that appear on the bank statement? If not, some transactions might not have been accounted for in the reconciled balance.

Did you select, by mistake, a transaction that didn’t appear on your bank statement? If yes, you need to deselect this transaction.

If you have followed the above steps and August is still out of balance, please let us know and we will investigate further for you.

stone · Answer

hi&nbsp; Jesh ,&nbsp; thanks for your help.&nbsp; It all balnaces&nbsp; now.&nbsp; cheers&nbsp;

stone · Answer

Hi&nbsp; &nbsp; Jesh,&nbsp; thanks for your reply.&nbsp; Yes , all the other&nbsp; months balance.&nbsp; AUG&nbsp; does&nbsp; not. I have doen bank rec s before.&nbsp; can you suggest&nbsp; anything else&nbsp; please ?/thanks

stone · Answer

I recently clossed off a year.&nbsp; will this have casued&nbsp; an issue.&nbsp; ??&nbsp;

stone · Answer

it seems&nbsp; something is wrong with&nbsp; MYOB.&nbsp; &nbsp; &nbsp;as previous&nbsp; bank recs&nbsp; do&nbsp; not balance.&nbsp; And&nbsp; nothing&nbsp; was&nbsp; touched, as&nbsp; i am the only user of our&nbsp; file&nbsp; ?&nbsp; please&nbsp; help.&nbsp; &nbsp;thanks

stone · Answer

these steps are wrong&nbsp; ..., it does not say to select&nbsp; the bank account only.&nbsp; &nbsp;when i do this, it&nbsp; just brings up the printed&nbsp; report screen.&nbsp; &nbsp; ??&nbsp; is&nbsp; this correct&nbsp; ??thanks&nbsp; stone.Go to the&nbsp;Reports&nbsp;menu and click&nbsp;Index to Reports.From the&nbsp;Banking&nbsp;section click&nbsp;Reconciliation Report.Enter the date of your previously reconciled bank reconciliation.Work back&nbsp;until you find a month&nbsp;where the&nbsp;out of balance is zero ($0.00). This identifies that the&nbsp;suspect transaction(s)&nbsp;will have occurred&nbsp;in the following month.Identify which transaction(s) are&nbsp;causing the out of balance by comparing the&nbsp;Reconciliation Report&nbsp;with the corresponding bank statement.Correct the transaction(s) causing the out of balance.Re-reconcile the corrected transaction(s).Repeat with each subsequent reconciliation until no more out of balances are found.If no reports balance it is possible you have changed your account&nbsp;opening balance.&nbsp;You might need to&nbsp;restore an early&nbsp;backup&nbsp;to check the account's original opening balance.

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