Forum Discussion

jspoon's avatar
jspoon
Member
1 year ago

Can't reconcile accounts

Hello! I'm trying to reconcile an account but I can't get it to balance. There are only 2 transactions from that month (the very first transactions ever made on the account) so I figured it should be easy but why is the calculated closing balance so out of balance? I didn't have that problem with any other account. Screenshot attached.

1 Reply

  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    1 year ago

    Hi jspoon,

     

    Thanks for sharing the screenshot! Since it's your first time reconciling your bank account, an out-of-balance situation means something isn't quite right. This can happen for several reasons, like incorrect opening balances, transaction errors, or bank feed issues. As a troubleshooting steps, I would recommend doing a future-dated reconciliation. Here’s how you can do it:

    • Go to Banking and select Reconcile Accounts.
    • Choose the account you are trying to reconcile.
    • Input the bank statement date as 31/12/9998.
    • Copy the calculated statement balance to the closing statement balance form box.
    • Click Reconcile.
    • After that, undo the reconciliation.

    Cheers,

    Princess

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