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Reconciliation out of balance by 0.01

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Cover User
Cover User




Reconciliation out of balance by 0.01

I am trying to reconcile my accounts and it is telling me I am $0.01 out. But my bank statement matches my entries into MYOB exactly. If I try and just do a Bank fee of $0.01 it then tells me I am out by -$0.01 rather than just zero. I cannot solve this no matter what I try and do. If I add an extra cent to another transaction it takes me to a negative 1c balance again. If I try to manually change the closing statement balance to match the calculated statement balance it goes to a negative balance again, depite my closing balance matching the calculated one. Please help! What am I doing wrong????

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Former Staff
Former Staff




Re: Reconciliation out of balance by 0.01

Hi there @MyraMac,


Welcome to the Community Forum!


Please be rest assured you haven't done anything wrong. The issue you have encountered is a known issue within the software where a one cent out of balance exists when attempting to reconcile. This is caused by a payroll transaction that contains 4 decimal places when rounding. If the transaction in question is in the current payroll year, you can simply delete the pay and re-enter it, manually overtyping the amounts.


Otherwise, we'll have to organize to have the file sent in for the AccountRight Live team to repair. I have sent you a private message requesting additional information to set this up for you - please do respond with the relevant information should this be something you wish to pursue.


Feel free to post again anytime you have any other queries.

Warm Regards,


MYOB Client Support

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