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
▼ 1. Access bank reconciliation
▼ 2. Enter your statement details
If you have processed any bank interest or charges already, you can skip this step.
- Select Interest and Charges.
- Enter an amount in the relevant box to record a Bank Charge, Interest Charge or Interest Earned.
- Enter the Date the transaction took place.
- Select Save.
▼4. Reconcile your transactions
- Check each transaction in Sage with your bank statement.
- If the transaction matches, tick the checkbox in the Reconcile column.
- 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.