data coding

[notagenius]

For the past year at the end of each month after data coding the month through the MYOB software the deposits never can balance against our Bank Statement.  The bank statement deposits when added are always different to the MYOB amount.  The deposits are always banked to sales, other deposits are coded to contributed funds.  These are the ones that are not sales but come from other accounts. Some deposits are coded as split transactions as one deposit may pay 3-4 invoices if it was a monthly payment. The variance over the year is nearly $800.00 so something must be wrong.  I would really like to get this sorted as our Accountant has given us a Memorandum of the amounts each month for the past year as an amount of GST to pay.  Over the year it has added up so do not want this to continue.  Because I have noticed the difference using the software I have been entering the income off the Bank Statements rather than MYOB software so it has come up in the auditing of the accounts.  Does anyone have a solution here or should I go back to the Accountant and ask them for technical help?   

[Jesh_D · Accepted solution]

Hi @notagenius 

Thank you for your post. What you can do is check through your current reconciliation and previous reconciliation by following the steps in this Help Article: Fixing out of balance bank reconciliations. However, if you still have difficulty finding the discrepancy, I would recommend inviting your accountant into your MYOB file so they can investigate the issue for you. See Invite your accountant.

Please let us know how you get on.