Calculated Statement Balance is incorrect from the very beginning
Previously I reconcil my bank account every month without problems.
Now it comes to my attention that the bank reconciliation doesn't make any sense.
I have undo reconciliation to the very beginning & the calculated statement balance is still not correct.
The opening balance I put is $905,404.07. When I go to the bank reconciliation tab, the calculated statement balance as of 01/07/2018 is out by $1,469.81.
I didn't touch this account for a while now until last night.
Last night I realised there is a journal entry posted on 26/11/2020 amounting to $1,469.81 which doesn't have a description. I added in the description without change the date. Then the bank reconcilation doesn't make sense. Is the software has a bug? How do I fix this?
Hi GA39
I suggest you don't waste too much more time on this. In my opinion, based on seeing this several times before, there is a corruption in your file. Send it to MYOB to fix.
Tracey_H wrote : The calculated statement balance comes from the closing balance of the previous reconciliation, and any transactions that have been ticked in the Reconcile Accounts window.
This is incorrect. Something in the future has caused this issue. The 26/11/2020 transaction likely updated something it should not have, or didn't update something it should have. Try deleting and re-entering that transaction. (Make a backup first). If you get a Data Invalid error this confirms corruption.
Regards
Gavin