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October 2019
October 2019
Hi,
I deposited $130.50 from petty cash to our bank account. But Forgot to deposit in MYOB (prepare bank deposit). The next day I went for holiday leaving a temp behind. When I came back today I found the temp had deposited $130.50 from the petty cash to the bank again and cleared it from Prepare bank deposit. Obviously my petty cash is short but also my bank statement wont reconcile. Bank statement shows $261 but MYOB only shows $130.50. How do I fix this?
Solved! Go to Solution.
October 2019
October 2019
Hi @yoshu
To account for the first deposit so that you can reconcile your bank account you can record a Transfer Money transaction.
Accounts>Transfer Money
Transfer from account: Petty cash
Transfer to account: Bank account
Please let me know if you need further help
Cheers,
Tracey
Previously @bungy15
MYOB Community Support
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October 2019 - last edited October 2019
October 2019 - last edited October 2019
Hi Tracey,
I need to physically put $130.50 in petty cash as well. We maintain a float of certain amount in petty cash? So once I withdraw money from bank account. I do another transfer money transaction from bacnk to petty cash?
This should work. Thanks Tracey.
Let me know if I am wrong please.
October 2019 - last edited October 2019
October 2019 - last edited October 2019
Hi @yoshu
You are correct that a Transfer Money from the bank account to petty cash will account for you maintaining the float. Your bank account will show a withdrawal, both on the statement and in MYOB, to account for you adding cash back to the float.
Let me know how you get on
Cheers,
Tracey
Previously @bungy15
MYOB Community Support
Online Help| Forum Search| my.MYOB| Download Page
Did my answer help?
Mark it as a SolutionHelpful? Leave a to tell others
October 2019
October 2019
Thank you so much Tracey
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