Using Bank Feeds

How to use Bank Feeds in Sage 50 Accounts v29.0 and below.

Once you've set up Bank Feeds, you can download your live bank transactions and match them in your accounts.

Follow our alternative article if you're using bank feeds in Sage 50 Accounts v29.2 and above.

You can download transactions as often as every 15 minutes.

TIP: To hide unnecessary downloaded transactions, such as those already reconciled, select the bank transactions and click Ignore.

The next step is to match the downloaded transactions against your software transactions.

The Auto match feature matches transactions that have the same amount, transaction type and dates within four days of each other.

You can manually match any transactions that don't automatically match.

In Transactions from your bank, select the relevant transaction.
In Transactions in Sage, select the transaction you wish to match, then click Match.
TIP: To filter the transactions in Sage, you can add a date range at the top right.

The matched transactions now appear in Matched transactions panes.

TIP: If you don't need to create any transactions, move to the next section, Confirming your matches.

You can create any downloaded transaction that isn’t in your software.

In Transactions from your bank, select the transaction type you want to add.
Click Create, select the transaction type and click OK.
Enter the transaction details, then click Save.

If your transaction matches, it moves down to the Matched transactions pane.

Confirming your matches removes them from the bank feed and flags the transactions as matched.

To confirm matches and continue to your bank reconciliation, click Confirm and continue to reconcile
Click Confirm matches if you don't want to reconcile your bank yet. This confirms matches and closes Bank Feeds

Sage Intacct is designed for companies that have more complex requirements.
Find out more about how Sage Intacct can benefit your growing business.