Our company has been using MYOB for years, but we have always reconciled by hand with our check book, and not using MYOB. I would like to begin reconciling using MYOB, but am not sure how to start. I'm not sure what month I should begin with (Jan, 2008???), and how to account for everything prior to that date, so that my beg. statement balance will be accurate. Any thoughts? I imagine it involves some kind of a large journal entry. Thanks!!!

Figured it out myself. Thanks.

can you tell me the answer? I was thinking about reconciling our check book on MYOB but I was afraid to try it.

Sure. It's very easy. Enter "Reconcile accounts" through the banking section. Enter your bank statement date (whatever one you'd like to start with - you can do it on your next statement if you want). Enter the ending balance of your statement where it says "New Statement Balance". Then you click on every transaction that has cleared through your bank. Once the difference, "out of balance" says 0, click on Reconcile. Keep in mind that the first time you reconcile using MYOB, you'll have to click on all of your older transactions as well, since they have never been reconciled. I knew our books were in balance, so I just selected all of the old items, along with with my current statement, and that worked. Not scary - very easy, and more efficient than doing it manually I find. Good luck! Hope this helps.

Thanks, I think that will help.