Assessment Transaction 30

[Millie]

Hi, I am confused – the payment of the Telstra bill authorised on 14/month (Transaction 18) doesn’t show on the bank statement. Are we not required to pay that bill on 14/month even if it has been authorised?

[Chandrika Edirisinghe]

Hi Millie,

It is required to make the payment . BPAY usually appear in bank statement immediately. . Assume that it has not come to the bank statement as yet in this exercise and perform the bank reconciliation please.

[Cassie]

Hi, I am having trouble understanding this task too.  On my MYOB I have paid for the telstra bill via following the BPAY in the manual and prepared an electronic payment with Furniture imports.  The total amount is $20, 090.  This amount is showing on my bank reconciliation in MYOB and on the statement of the assignment wants me to reconcile $19,740…only part of the amount. So how can I reconcile this correctly?

Kind regards

Cassie

[Cassie]

Hi, never mind. I just noticed the task said to only prepare the electronic transfer for Furniture imports.  Now it makes more sense.