▼ 1. Access bank reconciliation - Navigate to Banking.
- Open the bank account you want to reconcile.
- Select Reconcile.
▼ 2. Enter your statement details - Input the Statement Date. This is the date shown on your online or physical bank statement.
- Enter the Statement End Balance. This is the closing balance from your bank statement.
- Add an optional Reference.
- Select Apply.
▼ 3. Add interest and charges If you have processed any bank interest or charges already, you can skip this step. - Select Interest and Charges.
- Enter an amount in the relevant box to record a Bank Charge, Interest Charge or Interest Earned.
- Enter the Date the transaction took place.
- Select Save.
▼4. Reconcile your transactions - Check each transaction in Sage with your bank statement.
- If the transaction matches, tick the checkbox in the Reconcile column.
- To reconcile all transactions at once, select Reconcile all.
As you reconcile each transaction, the Reconciled Balance updates at the bottom of the page.  NOTE: Sage Accounting marks cleared transactions as Reconciled automatically. Cleared bank transactions overview.
▼5. Save or Finish - To pause, select the dropdown next to Finish and select Save for later.
- To complete, make sure:
- All transactions are reconciled
- The reconciled balance matches the target balance
- The difference is zero
- Select Finish.
Find details of completed reconciliations from the Reconciliations tab in Bank activity. |