Create a bank account

Creating a bank account in Sage Accounting helps you manage your finances more effectively.

It allows you to track income and expenses, reconcile your transactions, and also Connect to your online bank account.

You can set up as many bank accounts as your business needs.

 NOTE: Accounting Plus users can also Add foreign currency bank accounts. 

1. Select Banking from the navigation menu.
2. From the New dropdown menu, select Bank Account.
3. Select the Account Type from the dropdown menu. 
4. Enter the bank Account Name.
5. To connect your bank, select Save & Connect Bank, or select Save to skip this step.
6. To add a balance from a previous system or year, select Add an opening balance.
    NOTE: Enter an Accounts Start Date before adding an opening balance.
7. Choose your Opening Balance Date.
8. Select Balance or Overdrawn Balance, then enter the value of the balance.
9. Select Save & Connect Bank to connect to your online bank account, or select Save to skip connecting.

• Connect your bank account
• Introduction to bank feeds