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 import your transactions automatically, or import bank statements manually.