In MYOB is it ok to reconcile to 3 Aug rather than end of month?

QUESTION

Is it ok to reconcile to 3 Aug rather than end of month?

ANSWER

Typically I would do a weekly draft reconciliation, and the I would formally reconcile to the bank statement date.

When I came to do the BAS I would reconcile to the end of the month, even if the bank statement date was, e.g. 28^th and the end of the month was the 31^st.

In the long run, the 3^rd of August is within a BAS period, so it does not really matter, but I would try and correct within MYOB, so I could do a correct reconciliation, but sometimes these things are more difficult said than done

I do not quite understand what you are saying, has this been incorrectly recorded in MYOB?