Bank Reconciliations in MYOB

In the Banking command centre, go to Reconcile Accounts. Press the down arrow to see a list of accounts.   Select the relevant bank account and click Use Account. Enter the reconciliation date of the bank statement in the Bank Statement Date field. This is the most recent date on the bank statement. On the bank statement received or downloaded from your Bank, check that the Calculated Statement Balance is the starting point for your reconciliation. (Draw a line on top of this amount on the bank statement). Enter the closing balance on the bank statement in the New Statement Balance field. Working from your bank statement, click in the column to the left of each transaction in MYOB as you find it and tick off the transactions on the bank statement. Enter bank fees, direct debits and EFTs and adjust any incorrect amounts. The Out of Balance amount should equal zero. Click Reconcile The message "Your account reconciles" will appear. Click Print Report to clear all marked transactions and print a summary report.