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  • Complete your bank reconciliation before upgrade

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If you've received an email or in-product message that MYOB Essentials will be soon upgraded, you should complete any saved bank recs  in your current software.

This is because only completed bank recs will be migrated during the upgrade – if you don't complete a saved reconciliation, you'll need to re-reconcile transactions in your upgraded software. 

Here's some ways you can check for saved bank recs:

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titleCheck Bank Reconciliation Reports

For a quick summary of your last completed reconciliations, go to the Reports > All reports > Banking reports section and click Banking reconciliation. The Bank Reconciliation Reports lists the reconciliations you've completed.

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Click the Date column to show the most recent first.

Note that only completed bank recs appear in this report, but this may help you to work out if there's saved bank recs you need to complete.

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titleCheck the reconciliation of each account

Go to the Banking menu > Bank reconciliation and select each account you reconcile.

Check if there is a Last completed reconciliation date and click Show reconciled to see if there are ticked transactions indicating a saved bank rec.

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title(MYOB Partners only) Check transaction processing

You can check Transaction processing to see how many transactions remain to be allocated and reconciled. Note the following about about the coding indicators:

  • Black - This indicates you have transactions that have not yet been coded in this calendar month for all or some of your bank or credit card accounts. We recommend that you code your transactions to get them ready for reconciliation.

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    Don't reconcile any uncoded transactions. 

  • Green - This indicates that you have coded all of your bank and credit card transactions but have not yet reconciled all of your bank or credit card account transactions for that calendar month. We recommend that you reconcile as much of your data as possible prior to migration in line with your established processes and agreements with your client.
  • Blue - You have reconciled all transactions for your bank and credit card accounts for that calendar month.

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Even if you've reconciled all transactions, you'll still see a green indicator until the end of the month.

Complete your reconciliation

If there is a saved reconciliation, you should complete as much of it as you can before the upgrade. Follow the steps as you normally would to reconcile with bank feeds or reconcile using a bank or credit card statement, ensuring that you click Complete reconciliation after selecting all transactions.

Do this for all accounts you need to reconcile.

 

 

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titleRelated topics
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Reconciling unmatched MYOB Essentials transactions

Reconciling with a paper bank or credit card statement

 

 

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