Reconcile Accounts window


To ensure the accuracy of your business records, you should match your bank and credit card accounts' balances with the bank and credit card records you keep in MYOB AccountEdge. This task is called reconciling accounts.

The Reconcile Accounts window allows you to verify that the balances of your AccountEdge checking accounts match the balances on your bank's statements. You can also verify whether balances of credit cards and loans are correct using this window.

Once you're sure all the checks, deposits and bank fees that appear on your bank statement are entered in AccountEdge, you're ready to reconcile your account.

If you decide to exit the Reconcile Accounts window without successfully reconciling a checking account, the transactions marked as cleared remain marked. You can pick up where you left off at any time.

Other considerations when reconciling:

Notes:  
If you print the Reconciliation Report, the reconciliation is not complete until you click the Reconcile button again.

How often should I reconcile my bank accounts?

Tip: A useful tool for checking how recently you've reconciled your accounts is the Account Reconciliation Review step of the Company Data Auditor.