MYOB – Purchases are in my Bank Reconciliation – how fix it?

Client called – has some items appearing in her bank reconciliation, even after checking accounts set up and items. What else do they need to check?

No purchases should be in your bank reconciliation, only payments to them!  Click on the transaction to open it (white arrow on the left) and then open each item (white arrow to the left of the item number) and check each item for what accounts are linked in:
I Buy
I Sell
I Inventory
Sounds like one of them is linked to your bank account

Ensure they are set to go to the correct accounts:

Buy – 5.000 purchase account

Sell – 4.000 sales account

Inventory – 1.000 asset/ stock on hand /merchandise account

Categories Bookkeeping, Consulting, MYOB How To

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this:
search previous next tag category expand menu location phone mail time cart zoom edit close