Forum Discussion

Umy's avatar
Umy
Experienced User
3 years ago

Cannot Reconcile Bank Account

My company just start using MYOB system. We want to make bank reconcilation of January 2022.  However, we dont have the list transaction of outstanding cheques of Dec2021 in MYOB system. We know whi...
  • Komal_S's avatar
    Komal_S
    3 years ago

    Hi Umy 

    If you're using the AccountRight file which was upgraded to version 2020.2 or later, you can create and reverse transactions in any prior year. Additionally, you can edit and delete transactions in the previous year. More information on this can be found in this help article: Transacting in closed financial years. 


    Feel free to reach out if you have further questions on this. 

Umy's avatar
Umy
Experienced User

Dear Komal_S ,

 

The outstanding cheque is for past year transaction.

Is it acceptable for me to record the cheque as this year transaction?
Isn't myob only allows recording next financial year transactions not last year's financial transactions?

Komal_S's avatar
Komal_S
MYOB Staff
3 years ago

Hi Umy 

If you're using the AccountRight file which was upgraded to version 2020.2 or later, you can create and reverse transactions in any prior year. Additionally, you can edit and delete transactions in the previous year. More information on this can be found in this help article: Transacting in closed financial years. 


Feel free to reach out if you have further questions on this. 

  • Umy's avatar
    Umy
    Experienced User
    3 years ago

    Hi Komal_S 

     

    Okay, understood. Thank you for your help Komal.

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