variance

Question

Hello,Asking for help on how to reconcile left-over bank statement transactions that were not reconciled from June 2021 - Dec 2021.Bank reconciliations were done on a weekly basis, however, for some reason about 1 - 6 transactions were left per month.Situation mentioned above is now causing a huge variance between the closing bank statement balance and the calculated closing balance.Any idea on how to correctly go about this?&nbsp;Thank youMavelle

isaiah_c · Answer

Hi Chantex,
&nbsp;
To address the variance you're experiencing, you can hide the unreconciled bank transactions from June 2021 to December 2021. This will prevent these transactions from appearing in your future reconciliations and should help align your closing balances.
&nbsp;
Regards,
Sai&nbsp;

chantex · Answer

Hello Sai,&nbsp;Thank you for your response.How do I go about hiding the unreconciled bank transactions?&nbsp;Regards,Mavelle

isaiah_c · Answer

Hi Chantex,
&nbsp;
Hiding bank feed transactions has detailed instructions to assist you with this.
&nbsp;
Regards,
Sai
&nbsp;

Forum Discussion

variance

Looking for something else?

Related content

Tax Amount Variance - rounding issue

EOY STP YE2022 VARIANCE TO PAYROLL ACTIVITY

Cash Movement Report - Query re; Opening and Closing balance variance

MYOB - WooCommerce Variances

Income variance

Variance in BAS report

Landed Cost Variance

MYOB account right- desktop, MYOB online and app.MYOB variances ??