Never used MYOB bank reconciliation
Hello, I have never used the MYOB bank reconciliation feature... I always do a bank reconciliation, but do it manually (i.e. check MYOB closing balance to ANZ closing balance). However, now we need t...
Forum Discussion
Hi sharrison1
You haven't stated which version you are using but generally you can go into the Banking module, choose Reconcile accounts and then you can choose the relevant bank account at the top and there are fields to enter for the date you are reconciling to and the balance as at that date. There is a little box at the top left near the date that allows you to select (tick) all or un-select (un-tick) all by clicking on it and if the balance agrees to your closing balance you will be able to reconcile the account. Sometimes you may need to select individual transactions to un-select because of delays in presenting as at your closing date in order to reconcile for that date. I suggest you go by financial year and reconcile each year and print the reports each time.
The reconcile function can also be used to reconcile clearing accounts such as super liability, etc so it's pretty handy.
Cheers
Liz
