We previously wrote to you in September 2019 to inform you of the new legislation changes (PSD2) that change the way banks connect with accounting software across the UK and Ireland.
The communication can be found here.
Banks were given a 6 month extension to onboard this new technology, and we are now coming to the end of this extension period.
There are a small number of banks and financial institutions that will not have new Open Banking connections ready for 14th March 2020.
You can find out which banks are ready by visiting https://desktophelp.sage.co.uk/openbanking/.
If your bank feed isn't available
Manually enter bank transactions
Until a bank feed becomes available, we recommend you enter your bank transactions manually. It's easy to do and you can enter multiple transactions at the same time.
You can find out more in the help files published for your product by pressing F1.
- Post a bank payment or receipt
- Record customer receipts
- Post supplier payments
- Transfer money between bank accounts
Alternatively, if you can export bank transactions from your online banking as a CSV file, you can import them into Sage 200 Accounts. Read more >
Reconcile bank transactions
Once you've entered all your bank transactions for a period, to reconcile the transactions we recommend printing your bank statement from your online banking and then matching the transactions using the Reconcile option within Cash Book. Read more >