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Set up banking and track spending and payments

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An overview of setting up banking and tracking spending and payments in Sage Accounting.


Get the most out of Sage Accounting to make sure that the information in the system reflects reality.

We’ll show you how to set up your bank accounts and how you can create transactions in Sage in accordance to your bank.

You’ll need to set up a representation of the bank accounts you use to manage your business finances. Enter opening balances to reflect the date on which you want to start using Sage Accounting.

Save time entering transactions by importing an electronic statement file from your bank into Sage Accounting. You can also set up a bank feed between Sage Accounting and your online banking service. We’ll explain how to do this and the differences between types of bank feeds.

With your bank accounts set up and imported transaction data, we’ll show you how to keep track of how much you owe your suppliers. You'll do this by entering purchase invoices to serve as a record of these transactions.

We’ll also show you how to account for payments received from a customer when they pay your invoice. And record money coming in (a receipt) and money going out (an expense) when you don’t have an invoice.

What's next?

Set up bank accounts