Forum Discussion
Hi Sepali1
As explained by Melisa_D bank feeds is a tool which makes reconciliation easier. Bank accounts do need to be reconciled in the Reconcile accounts window. If duplicate AccountRight transactions have been created due to the duplicate bank feeds, they will appear in the Reconcile accounts window and the account will be out of balance.
As advised, to resolve this issue users need to:
- check for duplicate AccountRight transactions
- delete/reverse any duplicate AccountRight transactions
- hide the duplicate bank feed transactions
Please let us know if you need further help.
Thanks Melisa,
But the problem is the automatic allocation of bank feeds. Even after I have reconciled the bank . These transactions have sneaked in. I have now unreconciled my bank upto April 2021. But now I found out that reconcilliation is out by a transfer amount.
I think I have to find a solution for myself as you are not helping at all. Because you are not recognising the wider issue this is causing.
- Tracey_H3 years agoFormer Staff
Hi Sepali1
When a bank feed transaction is automatically allocated a matching AccountRight transaction is created. All transactions that are matched and approved in the Bank feeds window are automatically ticked in the Reconcile accounts window.
If there are duplicate AccountRight transactions ticked in the Reconcile accounts window the account won't reconcile as it will be out of balance. You would need to untick the duplicates to reconcile the account.
If you have reconciled December then have duplicates from December appear when reconciling January, untick and delete/reverse the December duplicates to reconcile January. As they are duplicate transactions they won't have any impact on the December reconciliation. The only time the duplicates will affect the bank reconciliations is if they have been reconciled previously.
Our teams removing the duplicate bank feed transactions won't resolve your issues as that only removes the bank feed transaction, not the AccountRight transaction. Users need to delete/reverse any duplicate AccountRight transactions.
Having said that. if your reconcilations are out back to April 2021 this won't be caused by the duplicate bank feeds issue as the duplicate bank feeds were transactions dated from the 1/12/2021 to 12/12/2021. You will need to go through the steps in this help article, Resolving out of balance bank reconciliations, to work out what is causing your out of balance.
Please let me know if you need further help.
- Sepali13 years agoExperienced Cover UserWhat if you have reconciled up to 31 of January 2022. And prepared your GST return on the 27th thinking all is good and sent it out on the 28th of Feb 2022?.I understand what you are saying. I have to fix it myself. But you have to realise that this issue is not just about hiding bank feeds. If you rely on a system, especially an accounting system - I think is vital for running of a business, if it is unreliable, you are vulnerable. I have stopped using Online as it allocate payments to all sorts of invoices without asking.You product has not lived up to it and you making it a simple just hide the transactions and don't really address the issue. Can I trust this will not happen again?.Yes I am on a rant. Paid MYOB for over 20year (its been great) and now I am thinking of moving on,Anyway you have a good day Tracey. I am not upset with you.