How to modify a reconciled transaction in myob essential?

[adam_a]

Dear All,

• I started the company and I have paid $447 as company setup expense.it has no GST
• I spent money from "Credit Card - Paid By Director" account toward the above
• I paid back the amount "Directors Loan to Company - current liability"
• At the time of submitting mybtax return I figured out that the amount above need to be split on 5 years
• Now I need to modify the above transaction $447 which has been reconcilled and make it's value 111.4
• When I have modified the transaction (transaction is reconciled), I have got in the dashboard Owing to suppliers $336

I need to do the following from MYob essentials:

1. modify a reconcilled transaction from $447 to 111.4

2. pay the difference back to the company from "Credit Card - Paid By Director" as a refund or something

or just how to finx the above in steps in MYOB, so that everything balances. I can send you the exact steps I have done for the above if needed.

cheers,

adam

[adam_a · Accepted solution]

resolved by:

1. un-reconcile the transaction and modify $$

2. applied the modified amount negative to "Credit Card - Paid by director"

this way I don't need to pay the company back I just deducted the amount from the amount that is suppose to be paid to director as it was purchased using director credit card.