in all things to do with the Bank reconciliation the description only shows the "memo" as the description not the payee to whom the payment is being made. This has only started happening in the latest version of MYOB
Having spoken to a member of the MYOB support team I have been told that all rconcilaition reporting both on screen and in the printout now acceses only the memo reference not the payee reference of that item and so I can only get the payee name if I copy it into the memo box as well.
Without this extra processing step of copying the payee name into the memo box this means bank reconicliation references are meanless. There is no real way of knowing who is being paid or to tracking back to what and who has been paid and to properly reconcile to the bank. My auditors are saying all the current bank rec reports in the new version are meaningless as many items that are paid (especially payroll) do not show who is actually being paid just random amounts of the same descitpion.
Please provide an update or mechanism which changes the written descirption of the payment being made to the payee. Apparently the preferences in setup do not change the reports even if payee is selected.
Thanks
D