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I have entered all my payments off the cheque butts, and am now trying to do my bank reconciliation. It won’t reconcile because of the unpresented cheques – why is this?

Sounds like you have ticked off those unpresented cheques in the bank reconciliation screen. You have done the right thing by entering the cheques to MYOB as you pay them, however if they don’t appear on the bank statement you should not tick them off the reconciliation screen.

Remember the purpose of the bank reconciliation is for us to know exactly what has gone through our bank account within that period. The u/p cheques will sit there as outstanding until they are presented on a bank statement so you can tick them off when they do appear.

In fact it is a good thing that you don’t tick them off as MYOB can then tell you at any time which cheques are still waiting to be presented – very handy for cashflow forecasting!

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