Join Elizabeth Haverfield for an in-depth discussion in this video Matching transactions in MYOB AccountRight against a bank statement, part of MYOB AccountRight Essential Training.
There are three steps involved in reconciling NYAB account rights data file…transactions, with a bank statement. Firstly, matching the items.…Secondly entering any bank charges or interest.…And thirdly, reconciling and producing a report of the bank account.…It is worth noting that this reconciliation…process, is the same for any other accounts.…Such as…Visa, Diner's Card, or AMEX, and even loans.…Here is a hard copy of Carol's NAB check account statement for January 2013.…
Let's start the first step of the process, matching our items.…To do this, we need to go…the banking command center, and select Reconcile accounts.…The NAB check account is the default selected account, so it does…appear in our top left hand corner. We could change this account.…For example, if we were reconciling the Visa account, you…would click onto the drop down box and select it.…In the New Statement Balance in the top right hand corner, our bank statement…shows that we are reconciling to 13. 556.75 and tab.…
We are reconciling to the 31st of January of 2013.…
- Creating a company file
- Setting up tax codes
- Adding accounts
- Creating customer and supplier cards
- Performing a bank reconciliation
- Recording transactions
- Invoicing a customer
- Processing payments
- Entering and paying bills
- Recording cash sales
- Reconciling check accounts
Skill Level Beginner
1. Getting Started with MYOB
2. Working with the Accounts List
3. Adding Cards
4. Entering Historical Balances
5. Performing an Initial Bank Reconciliation
6. Backing Up and Restoring a Company Data File
7. Spending Money from the Cheque Account
8. Invoicing a Service Customer
9. Recording Customer Payments
10. Entering and Paying Bills
11. Receipting Cash Sales
12. Reconciling the Cheque Account
Next steps1m 56s
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