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Bank statements

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Ultimate Partner The_Doc
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The_Doc
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Bank statements

Hi Folks

 

My daughter is doing diploma accounting and she has chosen MYOB vs XERO to do her accounting on a software package - and because her dad has been doing it a while - anyway she hit a problem with the provided MYOB AccountRight 2018 data and bank statements .qif files.

 

She entered the data correctly and 2 entries both bank deposits (entered correctly through - receive money) when she imported the bank statement - they would not match up with these 2 entries in MYOB?

 

Not having much experience in bank statements - I was stumped - however by clicking the match button and letting MYOB create these 2 deposits automatically from the unmatched entries - and then deleting the 2 manual entries entered - it all worked! - daughter happy.

 

I was not - WHY didn't the bank statement see the 2 existing manually entered entries (the automatically created ones were identical) - ??

 

The Doc

2 REPLIES 2
MYOB Moderator Hayden_B
5,988 Posts
MYOB Moderator
Australia
Hayden_B
MYOB Moderator

5988Posts

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Accepted Solution Solved Solution

Re: Bank statements

Hi @The_Doc

 

With Bank File imports, the general things to check are:

  • The Allocation account of the transaction you want to match to.
  • The Date of the transaction (Transactions dated after the latest one in the file won't show)
  • If the transaction is already cleared in Reconcile Accounts

 

Going by your description of it being identical we can ignore the first 2 points as I'd imagine those were the first things checked.

 

What I would think it is would be that the transaction was cleared in Reconcile Accounts (Not reconciled, only marked). This indicates to the software that the specific transaction is "cleared" which the Window states it does not check:

temp.png

Select from the list of uncleared transactions

 

You can see this in action by trying the following:

  1. Import a Bank File
  2. Click Match and then pick 1 Transaction and close down the match window.
  3. Open Reconcile Accounts and set the Statement Date & account
  4. Tick the transaction here and then click Cancel.

 

This will then disappear from the Match window when you try again.

 

 

Hope this helps answer this situation.

 


Cheers,

Hayden
MYOB Product Analyst

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Ultimate Partner The_Doc
888 Posts
Ultimate Partner
Australia
The_Doc
Ultimate Partner

888Posts

145Kudos

120Solutions

Re: Bank statements

Thanks Hayden - yes they had been selected as reconciled - whereas the auto generated ones - I left unticked.

 

Small things - thanks.

 

The Doc

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