When you start using Sage Accounting, you have two default bank accounts: one Bank Account and one Cash. You can use these default accounts or set up more as needed.

Types of bank account

Bank Accounts

Use Bank Accounts for current accounts, savings accounts, credit cards, loan accounts or other types of accounts. 

Cash

These are for cash in hand transactions or to record petty cash. 

Bank account connections

You can connect Sage Accounting to your online bank to automatically import your transactions, or import bank statements manually.

Visit our Bank feeds and bank statement import hub to get started.

 NOTE: You can't connect Cash accounts to your online bank account.

What's next? 

Add a new bank account

Set opening balances for bank accounts

Edit a bank account

Connect your online bank account

Add foreign currency bank accounts