Cara rekonsiliasi bank pada aplikasi MYOB

Summary

This tutorial guides users on how to perform a bank reconciliation process using the MYOB application. The goal is to align the company's bank account balance with the bank's balance, verified through bank statements. The process involves identifying discrepancies, entering transactions such as administrative fees and income from giro services, and ensuring both balances match. The tutorial demonstrates step-by-step how to enter the data and finalize the reconciliation, ensuring that the bank's balance aligns with the company's records.

Takeaways

• 😀 Bank reconciliation in MYOB is the process of matching the company's bank account balance with the bank's statement balance.
• 😀 The first step is to choose the 'Banking' module in MYOB and select 'Reconcile Account' to begin the reconciliation process.
• 😀 Ensure to enter the correct bank account details (e.g., bank name and account number) and the correct statement date (e.g., August 31, 2018).
• 😀 The bank statement's balance is checked and entered into the system to verify discrepancies between the company’s and bank’s balances.
• 😀 Discrepancies between the company’s and bank’s balances are common and need to be adjusted by adding or removing entries in MYOB.
• 😀 If there is a discrepancy, you must enter adjustments for expenses (like administrative fees) or income (like giro service fees).
• 😀 For expenses such as administrative fees, you need to record the appropriate value and categorize it under the correct account in MYOB.
• 😀 Income adjustments, such as giro service fees, should be entered with the appropriate amount and assigned to the correct income account.
• 😀 After entering the adjustments, MYOB will automatically calculate the new balances and show if there are any discrepancies left.
• 😀 Once the bank and company balances match, the final step is to click ‘Reconcile’ and confirm that the reconciliation is complete, resulting in zero discrepancies.

Q & A

What is the primary purpose of bank reconciliation in MYOB?

The primary purpose of bank reconciliation in MYOB is to adjust the company's bank account balance to match the balance shown on the bank's statement, ensuring that both balances align.

What should you do when there is a discrepancy between the company's bank balance and the bank's statement?

If there is a discrepancy, you should adjust the entries in MYOB to account for the difference, either by entering expenses or income that were recorded in the bank statement but not in the company’s records.

What is the first step to start the bank reconciliation process in MYOB?

The first step is to open the 'Banking' module in MYOB and then select the 'Reconcile Account' option to begin the reconciliation process.

How do you input the bank's statement balance into MYOB?

You input the bank's statement balance by checking the balance shown on the bank statement and entering it under the 'New Statement Balance' section in MYOB.

What should be done if the bank statement balance and the company's balance do not match?

You should check for any unrecorded transactions or adjustments, such as bank fees or interest income, and enter those into the system to resolve the discrepancy.

What kind of transactions should you review during the reconciliation process?

You should review transactions such as cash deposits, withdrawals, bank fees, and interest income, which may have been recorded differently in the company’s system compared to the bank statement.

What is the significance of the 'Explain Account' or 'Income Account' options in MYOB during reconciliation?

These options allow you to categorize and explain specific transactions, such as administrative fees or interest income, which helps ensure that the adjustments are properly recorded in the correct accounts.

What should you do if you find a bank fee, such as an administration charge, in the bank statement?

You should enter the bank fee into MYOB under the appropriate 'Expense Account,' noting the amount and leaving the reference ID blank if no memorial proof is available.

How do you record interest income from a bank statement in MYOB?

You should enter the interest income into MYOB under the 'Income Account,' ensuring the amount matches the interest noted in the bank statement.

What happens after all discrepancies are reconciled in MYOB?

Once all discrepancies are resolved, the bank statement balance will match the company's balance, and you can finalize the reconciliation by clicking 'Reconcile' to complete the process.