Use bank payments to pay money from your bank account in Sage 50 Accounts, without creating a supplier account. For example, a smlal 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.
   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 Instant Accounts Plus and above - 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.

3. Click Save then Close.

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