Use bank payments to pay money from your bank account in Sage 50 Accounts, without creating a supplier account. For example, a small one-off purchase.  

Bank payment transactions

When you post a bank payment, the transaction type depends on the account type in the bank record.

The transactions appear on the audit trail as follows:

• BP - Payment from a bank account
• CP - Payments from a cash account
• VP - Payments from a credit card account

TIP: If you don't maximise Sage 50 Accounts on your desktop, the Bank Payment option shows in the Payments drop-down list on your toolbar.

To post a bank payment

1. Go to Bank accounts, then Bank payment.
2. Enter the transaction details as follows:

   Bank	Choose the bank account the payment is coming from.
   Attach	Add documents as attachments.
   Date	Enter the date of the payment.
   Ref	Enter a reference, of up to 30 characters, if required.
   Ex. Ref	Enter an extra reference, of up to 30 characters, if required.
   N/C	Enter the nominal code to record the payment against. TIP: If your payment covers several items with different nominal codes, enter each nominal code as a separate line. Consecutive lines with the same bank, date and reference, group together when you save.
   Department	Sage 50 Standard or Professional - From the drop-down list, choose a department.
   Fund	From the drop-down list, choose the required fund.  This only appears if you select Enable Charity \ Non-Profit in Settings then Company Preferences.
   Project Ref	Sage 50 Accounts Plus and Professional only  If this transaction relates to a project, enter the reference here.  This only appears if you select Enable Project Costing in Settings then Company Preferences.
   Cost Code	Sage 50 Accounts Plus and Professional only  From the drop-down list, choose the required cost code.  This only appears if you select Enable Project Costing in Settings then Company Preferences.
   Details	Enter a description of up to 60 characters.
   Net	Enter the net value of the payment.
   T/C	If you're VAT registered, enter the appropriate tax code. If you're not VAT registered, use the non-vatable tax code, T9 by default.
   Tax	Enter the net value and tax code for the tax value to calculate automatically.
   Gross	Total of Net and Tax amounts.

3. Click Save then Close.

• How to post a bank receipt
• Delete a bank payment transaction
• Edit a bank payment transaction