Reconcile bank account
Reconciling your bank account is a common process that you're need to complete regularly. There's no right or wrong answer to how often you should do this. It usually depends on the number of transactions that going through your accounts. Remember it's much harder to reconcile large numbers of transactions.
When you receive a bank statement, you can check the statement details against the transactions in the Cash Book. Use the Bank Reconciliation option to identify any discrepancies that need further action.
There are different ways to reconcile your bank accounts in Sage 200:
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From a printed bank statement.
You can use the printed bank statement to check the transactions in the Cash Book.
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From data you download using Sage bank feeds.
If you enable Sage bank feeds, you can download transactions from your online bank account.
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From data you import using e-Banking.
If you use Sage e-Banking and have set electronic reconciliation for your bank account, you can import a file from your banking software.
If you entered single opening balances on your bank accounts, we recommend that you reconcile the opening balances first. This makes sure the correct Statement opening balance shows on the Bank Reconciliation window.
What do you want to do?
Reconcile using a bank statement
Other tasks