When you reconcile an account for the first time using BusinessBasics, some of the checks you wrote and some of the deposits you made before you began using MYOB BusinessBasics will probably be reflected in your bank statement. In order to reconcile the account, these transactions must also appear in the Reconcile Accounts window. Because you conducted the transactions before you began using BusinessBasics, though, there will be no BusinessBasics record of those transactions. This situation must be resolved before you can reconcile the checking account.
To resolve the situation, you'll create a general journal entry. Each uncleared check and uncleared deposit you conducted before using BusinessBasics should be entered as line items on a general journal entry. When you're ready to reconcile the checking account, each line of the general journal entry will appear in the Reconcile Accounts window.
You'll enter your checking account in the Acct # column of the General Journal window. The individual deposit amounts should be entered in the Debit column and the individual check amounts should be entered in the Credit column.
It's unlikely that the debits will equal the credits in the Record Journal Entry window. If there is an out of balance amount, you need to enter another line item with an amount that balances the debits and credits.
Since the general journal entry you create debits and credits the checking account for the same amount, the journal entry will not affect the balance of the checking account.
To reconcile an account
To reconcile an account for the first time using BusinessBasics