Forum Discussion

Ellers's avatar
Ellers
Contributing User
2 years ago
Solved

How do I carry out a bank reconciliation when i dont download bank statements. there seems to be no provision for a reconciliation as done last year.

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  • Leneth_A's avatar
    Leneth_A
    2 years ago

    Hi Ellers, 
     
    Thanks for the update on this. We are glad that you were now able to find the Reconciliation option. Thank you as well for your patience and understanding throughout the process. 
     
    Regarding your other concern with finalizing your 2021/22-year accounts, I would recommend looking at this Help Article End of Year Finalization with Single Touch Payroll reporting for more information and instructions to assist you with this. 
     
     
    Feel free to post again anytime you require further assistance. 
     
    If my response has answered your enquiry, please click "Accept as Solution" to assist other users find this information. 
     
    Cheers, 
    Leneth

Leneth_A's avatar
Leneth_A
Former Staff
2 years ago

Hi Ellers, 
 
Thanks for your post and welcome here to the Community Forum. We thank you for your efforts in notifying us about your concern. We apologize that you are having issues with the bank reconciliation because you do not have a provision for last year's reconciliation. We truly appreciate your patience and understanding. 
 
In this matter, could you please confirm when you started your business? and do you have transactions from your business last year? 
 
If you do not have a bank reconciliation last year, you may just reconcile with the current year. You may also check this Help Article Reconciling your bank accounts for more information about this. 
 
 
Please do not hesitate to post again if you need help in the future. 
 
If my response has answered your enquiry, please click "Accept as Solution" to assist other users find this information. 
 
Cheers, 
Leneth

  • Ellers's avatar
    Ellers
    Contributing User
    2 years ago

    I started MYOB decades ago and had no trouble with doing a Bank Reconciliation last year. This year I cant find a reconciliation option. I do not get direct bank feeds and the only information I can find seems to refer to online bank feeds.

    • Leneth_A's avatar
      Leneth_A
      Former Staff
      2 years ago

      Hi Ellers, 
       
      Thank you for providing more information about your concern. We are sorry for any inconvenience this may have caused, and we value your understanding on this matter. 
       
      For the reconciliation option and direct bank feeds, you may go to the Banking tab, and you will see this option labeled as Reconcile accounts and Manage bank feeds. I have attached a screenshot for your reference. 
       
      If this does not help, could you please provide me with a screenshot of your Banking tab options? Please hide/remove any sensitive employee/business details from screenshots posted publicly. 
       
       
      Let me know how this goes and if we can provide any further assistance here on the forum. 
       
      If my response has answered your enquiry, please click "Accept as Solution" to assist other users find this information. 
       
      Cheers, 
      Leneth

      • Ellers's avatar
        Ellers
        Contributing User
        2 years ago
        Leneth_A wrote:

        Hi Ellers, 
         
        Thank you for providing more information about your concern. We are sorry for any inconvenience this may have caused, and we value your understanding on this matter. 
         
        For the reconciliation option and direct bank feeds, you may go to the Banking tab, and you will see this option labeled as Reconcile accounts and Manage bank feeds. I have attached a screenshot for your reference. 
         
        If this does not help, could you please provide me with a screenshot of your Banking tab options? Please hide/remove any sensitive employee/business details from screenshots posted publicly. 
         
         
        Let me know how this goes and if we can provide any further assistance here on the forum. 
         
        If my response has answered your enquiry, please click "Accept as Solution" to assist other users find this information. 
         
        Cheers, 
        Leneth

        Thanks Leneth, Im on the right track now. Found Reconciliation function . Havent set up Bank feeds but will look into it as soon as I get my tax return done, Cheers , John

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