Import bank statement

Summary

How to import bank transactions from a file downloaded from your bank in Sage Accounting.

Resolution

What you need to know

Once your statement has been uploaded you can also:

Apply bank rules to transactions to automate the process, saving you time
Bulk delete any duplicate transactions before importing them

Download your bank statement

You need to make sure you download the file as one of the following types:

OFX file

OFX files are an industry-standard format. This means you can upload your OFX file without needing to edit or view it, and we’ll be able to process it. If your bank gives you the option to download your statement in this format we recommend using this over other formats.

The maximum file size you can upload is 250 MB.

We can only import transactions from one bank account at a time. We’ll import transactions from the first bank account within a file, and ignore the rest. Make sure that you are not importing transactions for several accounts using a single OFX file.

QIF file

We need to know how the dates are formatted in the file so we can process it correctly. We will prompt you to confirm this prior to uploading.

To find out how your dates are formatted:

Open your QIF file in a text editor. If you’re a Windows user, you can use Notepad, or use TextEdit if you use a Mac
Find a date linked to a transaction and take note of their order, for example DD/MM/YYYY. We need to know the order of day, month and year
Select the correct date order when you upload your file

The maximum file size you can upload is 250 MB.

CSV file

TIP: Your file must contain the right headers so we can upload it. The headers you need to use will depend on the file type and how many columns are in your file. The file must contain information in the correct date, amount and description formats listed in the steps below.

Tips to create your CSV file

There are two ways to create the CSV file to import:

Adjust the CSV file from your bank to match one of our CSV file templates
Download a template file, then copy and paste information from your bank into our template

CSV file with 3 columns

Download a 3 column CSV template

The file must contain columns labelled Date, Description and Amount and be in that order.
Dates in the Date column must be separated by a slash, such as 04/01/2021.
The Description column must contain text and not left blank.
The text in the Description column must all be on 1 line.
The Amount column must only contain numbers.
Payments in and payments out must both be in the Amount column.
Payments out must have a negative value.

CSV file with 4 columns

Download a 4 column CSV template

The file must contain columns labelled Date, Description, Money in, Money out and be in that order.
Dates in the Date column must be separated by a slash, such as 04/01/2021.
The Description column must contain text and not be left blank.
The text in the Description column must all be on 1 line.
The Money in and Money out columns must only contain numbers.
Payments in must be in the Money in column.
Payments out must be in the Money out column.

Add more details with columns

If you want to upload more detailed transaction information, you can add additional columns in your file. You can include information like:

Transaction reference
Payee name
Address

Additional Column Headings

Any new column headings must match one of the column headings below:

Header options	Information in your column
Cheque number	For example, 650240
Cheque
Cheque ref
Document number

Reference	For example, 20-inch lemon drizzle cake
Reference number
Transaction reference
Transaction ref

Payee name	For example, Jane Doe
Payee
Payee description
Customer reference
Customer
Cust ref

Address Line1	For example, Newcastle upon Tyne
Address
Street
House/street
Address Line2
Address Line3
City
Town/city
Town

Postcode	For example, NE13 9AA
Post code
Post-code

Phone number	For example, 07700 900 982
Phone
Phone #

Payee bank ID	For example, HSBC
Payee BankID
BankID
Bank ID

Payee account	For example, 12345678
Payee account number
Payee account ref

XLS file

If you’re uploading an XLS or XLSX file, we can only process the first tab in your file.

If you want to import data from other tabs in your file, you can:

Copy all the data into the first tab
Upload the data from each tab as a separate file
Upload each tab individually, using the same file. You'll need to move each tab to the first tab position before starting a new import

Import your statement

Step 1 of 3 - Upload your file

From Banking, select the bank account you want to import transactions to.
From Actions select the drop-down arrow and Import statement.
Select your file type.
To add the file you can either:
1. Choose Select file and find the bank statement file on your computer;
2. Select Open to add the bank statement; or
3. Drag and drop the file.
Select the date format used in your file so we can process it correctly. Choose either:
- Day, month, year
- Month, day, year
- Year, month, day
Add a comment to help you identify the import later.
Select upload file.

Step 2 of 3 - Verify transactions

After the file upload, you need to tell us which transactions show:

Money coming into the account
Money coming out of the account

To help with this, one of your transactions will be displayed on screen. You need to confirm your transaction as either money in or money out of the account. We will apply this rule to the rest of your transactions.

Step 3 of 3 - Review transactions

All your transactions will be listed and shown as either money in or money out of the account. If there are errors with the way these are categorised, you can go back to the Verify screen.

Once you have reviewed the transactions select Import transactions. You will be taken back to the Banking screen. Once the transactions have been imported into your account, they will show on your banking tile.

Review bank transactions

The number of imported transactions from your statement are shown on the Banking page. Select the number to view all transactions on the incoming bank transactions page.

The Imported from statement message shows each transaction that has been imported from your bank statement.

Match, create or transfer transactions

For each transaction you need to choose whether to:

Help with importing a statement

Fixing import issues

If your file isn't imported, review the list of errors to see which entries failed and why. Correct the issues in your file and then try the import again.

Tips for creating a CSV file

To resolve import errors, copy and paste into a template, then apply example row formatting to all copied rows:

Download CSV template that matches the information from your bank's CSV file.
Bank CSV files contain either one amount column (3 columns) or columns for money in and money out (4 columns).
In the CSV template file, leave the heading and the top example row, then delete the information from all other rows.
In your bank's CSV file,
1. Remove any columns that are not in the template file.
2. Copy all the remaining rows and columns.
In the CSV template,
1. Right click under the top example row (row 3),
2. In the paste options, choose Paste as values.
Copy the formatting from the top example to all the pasted rows below.
Make sure amount columns with no values are left blank and do not contain zeros, 0.00.
Remove any special characters.