Forum Discussion
Hi burns,
Thank you so much for your post and welcome to the Community Forum!
My apologies for the late response. When reconciling an account, you should input the closing balance from the bank statement into the "Closing bank statement balance" field and specify the statement date in the "Bank statement closing date" field. The statement date can be any date following the previous reconciliation, giving you the flexibility to backdate reconciliations if needed.
As you select transactions, the "Calculated closing balance" will dynamically adjust to display the anticipated closing balance of the statement, considering the transactions marked as cleared in the list.
This help article has detailed information on bank reconciliations: Reconciling your bank accounts
Regards,
Earl
Looking for something else?
Search the Community Forum for answers or find your topic and get the conversation started!
Find technical support and help for all MYOB products in our online help centre
Dig into MYOB Academy for free courses, learning paths and live events to help build your business with MYOB.