How to Do Bank Reconciliation in MYOB | Step-by-Step Guide for Beginners (2025)

X Not sure if your MYOB matches your bank account? In this tutorial, I’ll show you how to do a full bank reconciliation in MYOB, step-by-step, so you can catch errors, stay compliant, and feel confident in your books!

Perfect for business owners, bookkeepers, or anyone managing their own accounts in MYOB.

In this video, you’ll learn how to:
• Compare MYOB transactions to your actual bank statement
• Identify and fix discrepancies
• Reconcile deposits, withdrawals, fees, and adjustments
• Finalise your reconciliation reports for BAS & EOFY
• Avoid common mistakes that lead to audit risks

As a Chartered Accountant with 1,000+ clients helped, I bring real-world accounting experience to make MYOB easy for you.

Timestamps:
00:00 Intro
00:50 Accessing the reconciliation tool
01:40 Matching transactions
03:10 Dealing with missing entries
05:30 Finalising the reconciliation
07:00 What to do when things don’t balance

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Need help with reconciliations, BAS, or payroll?
Visit: https://tkfinancialsolutions.com.au
Email : [email protected]

Helping Aussie businesses stay on top of their books!

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