EOFY Adjustment Entry showing in current Bank Reconciliation

[Maddison]

Hello Everyone,

I am using AccountRight Plus and have encountered an error that I do not know how to fix.

After receiving our end of year adjustment entries from our accountant I recorded a general journal entry as I had the year before. However, one entry is now showing up in our bank reconciliation when I go to do our current months bank reconciliation in MYOB. The entry is a credit to our Bank Account.

I have spoken to our accountant and he said the entry shouldn't be showing up in that section at all. Is anyone familiar with this issue or knows what I have done to cause this?

Thank You

Kind Regards,

Maddison

[Steven_M · Accepted solution]

Hi @Maddison

Welcome to the MYOB Community Forum, I hope you find it a wealth of knowledge

For a transaction to appear in the Reconcile Accounts window a few conditions do need to be met:

• The transaction has gone to the account you are trying to reconcile
• The transaction has is dated on or before the date you are trying to reconcile
• The transaction has not been reconciled for that particular account

In your case you mentioned that there has been a credit to the bank account thus its deemed to be a payment transaction from the bank account and therefore will appear in the Reconcile Accounts window waiting reconciliation. If you are not wanting that transaction to appear the above conditions can't be true so you would be looking at recording that transaction to do a different account not the account you are trying to reconcile.

[Maddison]

Good Morning Steven,

Thank you for that information. I checked our last FY Adjusment Entries and there wasn't a similar transaction so encountering it this time threw me a bit. I think I know what I need to fix the issue.

Thank you for your help.

Kind Regards,

Maddison