bank reconciliation

[rona2016]

Why are the transactions marked as reconciled in the bank reconciliation screen while in fact they are not yet allocated? Can you help?

[Steven_M · Accepted solution]

Hi @rona2016

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

If you are using AccountRight the transactions can be marked as cleared via the Banking>>Reconcile Accounts window before these are reconciled. This can be done by ticking the relevant transaction. If you have matched the transaction or selected to create a new transaction from a bank feed the AccountRight transaction will have been marked as cleared as well.

If you are referring to MYOB Essentials and get your bank transactions in via bank feeds a transaction may be marked as already reconciled before it has been allocated. This is due to the fact that with MYOB Essentials bank reconciliations you are matching your actual bank account balance with that of your MYOB Essentials account balance. If you are getting the transaction directly from the bank that transaction value has already been accounted for at the bank's end and therefore has been included in the bank balance thus is automatically reconciled - this can be before the transaction has been allocated.