Why can't i reconcile petty cash in MYOB Business
I want to see the transactions in Petty Cash and reconcile them but they don't show as a bank account even though it is set up as a bank account. What am I doing wrong please?
Forum Discussion
Hey fullofquestions,
You’re on the right track and it could be a tiny setting with your petty cash account that's getting in the way. It's worth checking with your accountant to see if your petty cash was set up correctly. Also, if your cash‑on‑hand isn’t linked to a real bank, there won’t be a bank statement to match. You'll need to record your spends/receipts to petty cash and reconcile manually to your cash tally instead. Lastly, below are a couple of help articles to give you more info with reconciling.
- Reconciling your bank accounts (See FAQs: How do I reconcile a cash-on-hand account?)
- Petty cash
Cheers,
Doreen
