Solution Properties
Solution ID:
200427112302317
Last Modified Date:
Fri Mar 14 17:04:50 UTC 2025
Taxonomy Path:
Case category//How do I...//setting up
Author:
[email protected]
Settings - Bank Defaults
Description

Use the Bank Defaults to control how information is displayed in the bank module. Adjust the bank options to suit your preferences.  

Cause
Resolution

Updating your Bank Defaults

  1. Go to Settings then select Bank Defaults.
  2. Make the required changes. For more details, see the General, Cash register settings and Direct bank feeds settings sections below.
  3. Click OK.
 NOTE: Some options below are only available in Sage 50 Accounts v30 and above. Upgrade to the latest version.  

General

Enable e-Banking Select this check box to activate e-Banking. This displays the E-payments and E-reconcile options within Bank accounts.
Group items in Bank Rec. This option affects how transactions appear in the Reconcile window. When selected, this combines consecutive transactions of the same type, if the reference and the date are the same.
List Invoice/Credit by item line 

 Select this check box to display each individual item transaction when viewing invoices in the Customer Receipt and Supplier Payment windows.
Create Bank Reconciliation PDF Select this check box to generate a PDF report when you reconcile your bank account.

The PDF report is attached to the memo tab of the bank account record for you to view at any time. Each report takes the statement reference entered during reconciliation as its title. 

The report can take a little while to generate. This depends on the number of transactions to reconcile. If you don’t want a PDF report, clear this check box.
No Warning on Visa receipts If entering a receipt on a company credit card account that's not a credit card account, a warning appears. It advises that the account is for payments only. 

Select this check box to turn this warning off.
Group Bank Transactions

Use this option to control how your transactions appear in the bank activity.

Select this checkbox to group consecutive bank payments and receipts with the same reference and date.
This setting doesn't affect previously posted transactions before this option is selected.
Always Create Remittance Not available in Sage 50 Accounts Essentials

If you want to create a remittance advice note each time you save a supplier payment, select this check box.

If you don't want to create a remittance advice note for every supplier payment, clear this check box.
Always create batch e-payments v28.1 and above

 

Select this check box to create batch supplier payments as e-payments for suppliers using BACS/SEPA. 

Payment defaults

 NOTE: This is only available in v30 and above.

Std Tax Code

Choose a standard tax code to use on payments by default.
Def. N/C Specify a default nominal code for use on payments.
Department Choose which department is used by default for bank payments.

Receipt defaults

 NOTE: This is only available in v30 and above.

Std Tax Code

Choose a standard tax code to use on receipts by default.
Def. N/C Specify a default nominal code for use on receipts.
Department Choose which department is used by default for bank receipts.

Cash register settings

Bank A/C

Choose a default cash register bank account. By default, this is 1235. If this account is already in use, then 1236 is selected by default.

 NOTE: If your selected cash register bank account code already has transactions posted to it, then the Bank A/C drop-down isn't available.
Sale nominal Choose a default sales nominal code for your cash register. By default, this is 4000.
Tax code Choose the default tax code to apply to all cash register sales that you enter in the Bank > Cash Register window.
Discrepancies Choose a default nominal code for any discrepancies. This nominal code accounts for any discrepancy found between the cash register total and the money total recorded or banked. By default, this is 8206.
Takings are VAT inclusive If your cash register takings are all VAT inclusive, select this check box.
  [BCB:99:Limitless - 50 Accounts - Bank:ECB]
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