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Reconcile your bank account

Created on  | Last modified on 

Summary

How to match your transactions to your bank account with Sage Accounting.

Description

Regular bank reconciliations ensure your Sage Accounting records align with your actual bank account.

 NOTE: You can't reconcile Cash bank accounts. 

Before you start

  • Record all your transactions for the reconciliation period in Sage Accounting
  • Have your latest bank statement ready

Resolution

▼ 3. Add interest and charges

If you have processed any bank interest or charges already, you can skip this step.

  1. Select Interest and Charges.
  2. Enter an amount in the relevant box to record a Bank Charge, Interest Charge or Interest Earned.
  3. Enter the Date the transaction took place.
  4. Select Save.

▼4. Reconcile your transactions

  1. Check each transaction in Sage with your bank statement.
  2. If the transaction matches, tick the checkbox in the Reconcile column.
  3. To reconcile all transactions at once, select Reconcile all.

As you reconcile each transaction, the Reconciled Balance updates at the bottom of the page.

 NOTE: Sage Accounting marks cleared transactions as Reconciled automatically. Cleared bank transactions overview.

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