From the course: MYOB AccountRight Essential Training

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Performing the initial bank reconciliation

Performing the initial bank reconciliation - AccountRight Tutorial

From the course: MYOB AccountRight Essential Training

Performing the initial bank reconciliation

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…

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