Join Elizabeth Haverfield for an in-depth discussion in this video Performing the initial bank reconciliation, part of MYOB AccountRight Essential Training.
If the business had any uncleared deposits, we would…record them as the next transactions via receive money.…So on banking it's receive money over on the right.…As part of this process, we would need to create…a new customer card called unpresented deposits through the payor field.…We will now move on to performing the initial bank reconciliation.…So, from the Banking Command Center, click onto Reconcile Accounts.…It will now display the Reconcile Accounts window.…The account field defaults to our first account…up in the top which is our cheque account.…
It's already selected, and if any other account needed to be…reconciled, you would need to use the search button to nominate it.…In the new statement balance, we need to change…this figure to say seven eight six zero, and tab.…We now have an out of balance of $300.…Over in the bank statement date, this needs to be January…the first 2013, and Tab and now undeposited checks now appear.…We need to Select the Deposit side of these transactions.…
So $125 on the deposits.…
- 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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