Set up e-Banking

Watch the video

Enable e-Banking

1. Go to Settings then select Bank Defaults.
2. Select the Enable e-Banking checkbox and click OK.

 TIP: Log on as Manager if you don't see the Enable e-banking option. 

Enter your bank details

1. Go to Bank accounts, select the bank account you want to use for e-Banking, then click New/edit.
2. Select the Bank Details tab and complete the following information:
   

   Bank Address

   Bank Name	The name of your bank. This can be up to 60 characters.
   Address	Enter each line of your bank’s address. This can be up to 60 characters per line.

   Electronic Banking

   Bank Type

   From the drop-down list, select the bank software you want to connect to. If your bank isn't in the list, click to download and install the component you need:   Sage e-Banking compatible banks - UK Sage e-Banking compatible banks - Ireland   After you select the bank type, click Configure then edit the details of your electronic banking. For more information about this, refer to the section Configure your bank. If the Bank Type drop-down option is missing, repair your installation of Sage 50 Accounts.         NOTE: Install the component on each computer that will use e-Banking.

   Account Details

   Account Name	The name of your bank account. Enter this to use e-Banking.
   Account Number	The bank account number. This is usually eight digits but you can enter up to 60 characters.
   Sort Code	The bank sort code. You can enter the sort code as a 6-digit number or with dashes. For example, 112233 or 11-22-33.
   Expiry	If this account is for your company credit card, enter the expiry date of the card.
   BACS/SEPA Ref	Enter your reference number to make payments via e-Banking. The reference is to identify the payer.
   IBAN	If your bank issues you with an International Bank Account Number (IBAN), enter it here. This is a specific format of the bank account number. It makes transactions between European countries easier, to help reduce errors and delays. Use IBAN for cross-border payments in the European Union (EU), European Economic Areas (EEA) and Switzerland. You always use an IBAN with a Bank Identifier Code (BIC). With an IBAN, you'll see extra characters before the existing bank account number and sort code. The extra characters, existing code and account number make up the IBAN.
   BIC/Swift	Enter the Bank Identification Code (BIC) number or swift code if advised by your bank. The BIC or swift code is to identify financial organisations. If this is your default bank account, the information appears beneath your company details that print on invoices or orders. The BIC is either eight or 11 characters. This includes: Bank code (4 characters) Country code (2 letters) Location code (2 characters) Optional branch code (3 characters) NOTE: If your company is in Ireland, a lookup option is available to validate your BIC/Swift and IBAN numbers. Follow our how to change your settings to switch between the Irish and UK VAT options article.
   Roll Number	If your building society notifies you of a Roll Number for this account, enter the number.  This is an additional reference some building societies use.
   Additional Ref	Use this box to enter any additional information you receive relating to your bank account.  Enter any text, up to three lines of 60 characters.

3. Click Save, then click Close.

Configure your bank

1. Click Bank accounts, select the relevant bank account, then click New/edit.
2. Click the Bank Details tab, then click Configure and complete the Sage e-Banking Configuration window as follows:
   
   

   NOTE:  Configuration details for e-Banking depend on the bank type you select in the drop-down list. Some of the options aren't available in all banking software.

   Common directory	The directory where the e-Payment files and e-Reconcile statement files save appears here. C:\ automatically appears. To amend this, enter the path to the data or click Browse to locate the directory.
   Override common directory	To use a different directory for e-Payment files and e-Reconcile statements, select this checkbox. NOTE: If you select this checkbox, you must complete the Statement Reconciliation Service and Payment file options directories.
   Statement Reconciliation Service	The directory where the statement files from your banking software save to. This happens before you import into e-Reconcile. C:\ automatically appears. To amend this, enter the path to the data or click Browse to locate the directory. Enter the file extension your banking software uses when you save the statement files. For example, TXT. This means only files with this extension appear in the Import window.
   Payment file options	This is the directory, file name and extension of the e-Payments file that your online Banking software uses. C:\ automatically appears. To amend this, enter the path to the data or click Browse to locate the directory. NOTE: If you don't enter a File Identifier, the file name is the date in the format DDMMYYYY. For example, 01092025.  Follow our how to process e-Payments article for more help.

3. Click OK, then click Save and click Close.

Set up the supplier records for e-Payments

1. Click Suppliers, then select the relevant supplier account and click Edit.
2. Click the Bank tab and complete the Supplier Bank Details as follows:
   

   Bank Details

   Bank Name	Enter the supplier's bank name.
   Address	Enter the supplier's bank address.
   Account Name	Enter the supplier's bank account name.
   Sort Code	Enter the supplier's bank sort code. You can enter the sort code as a 6-digit number or with dashes. For example, 112233 or 11-22-33.
   Account Number	Enter the supplier's bank account number. This is eight digits.

   Payment Details

   BACS/SEPA Ref	If you have the supplier's BACS reference, you can enter it here.
   IBAN	Stands for International Bank Account Number.    Use an IBAN to make or receive payments across country borders in: European Union (EU) European Economic Areas (EEA) Switzerland. You always use an IBAN with a Bank Identifier Code (BIC). NOTE: This is for information only which you can then use in your reports.
   BIC/Swift	The code is a standard identifier for banks and you'll use it on all international payments. NOTE: This is for information only which you can then use in your reports.
   Roll Number	An additional reference which some building societies use.
   Additional Ref	Use this box to enter any additional information you receive about this supplier's bank account. You can enter up to three lines of 60 characters.
   Payment Method	From the drop-down list, choose the preferred payment method agreed with this supplier. Your software comes with several payment methods: BACS, Cash, Cheque, Credit Card, Direct Debit (DD) or Standing Order (SO) and Other. You can add your own payment methods to the list with user-defined methods. To do this, click the button alongside the box. Enter the relevant description and click OK. If the method involves online payment, click the Online check box then click OK.
   Online Payments	Select this check box to indicate that you can pay this supplier using Sage e-Banking.

3. Click Save and click Close.

NOTE: Any payment you create for a supplier with Online Payments selected, now has a reference of (BACS). If you don't want to send the payment via BACS, remove or replace the reference. However, the payment won't appear in e-payments if you remove the reference.