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MYOB – How to Reconcile a Bank Statement

In the Banking command centre, click on Reconcile Accounts. At the top of the window choose the Account Code you wish to reconcile. This commonly is the Cheque Account but you can also reconcile saving accounts, petty cash accounts, credit cards or any other accounts that have been set up as Bank Accounts. Enter the Date from the bottom of your Bank Statement and the Balance on your Statement.

A list of all the Deposits and Withdrawals that you have entered in MYOB will appear in the window. These Deposits and Withdrawals will be transactions that you have entered by Receiving Payments in the Sales command centre, Paying Bills in the Purchases command centre, Spending Money and Receiving Money in the Banking command centre.

Using the transactions recorded on you Bank Statement, check off only the matching transactions by clicking in the Left Hand column under the

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