Set up Sage bank feeds

Sage bank feeds is a free secure service that you can use to download your bank transactions to Sage 200cloud, to help you reconcile your bank account.

This reduces the time that you spend reconciling your bank transactions, and ensures your accounts are up to date and accurate.

How it works

Sage bank feeds connects to your bank and downloads details of the transactions from your bank account into Sage 200cloud.

Once downloaded, you can match them to the existing transactions in Sage 200cloud, or create new transactions in Sage 200cloud if something is missing. This means that transactions in your live bank account are reflected in Sage 200cloud. Sage 200cloud will remember which transactions you have matched, ready for your next bank reconciliation.

Setting things up is easy. We'll help you by providing the form you need to send to your bank.


Before you start

It's easy to set up Sage bank feeds, but before you start there are a few things you will need to do.

Enable Sage bank feeds

Open: Cash Book > Cash Book Accounts > Amend Bank Account Details.

  1. Choose the cash book account that you want to set up for Sage bank feeds.

    Note: To enable Sage bank feeds, you must have user access to amend the cash book account.

  2. Move to the E-Banking tab.
  3. In the Sage Bank Feeds section, select Enable.

    Note: You can't set up Sage bank feeds for a cash book account that has uses Supplier Payments.

  4. Follow the steps to in the Sage Bank Feeds wizard. This is where you enter the details of your bank account.

  5. When you've finished, you will need to download a form to print and complete. This authorises Sage Bank feeds to connect with your bank account. You can either:

    • Post the form to the address listed in the form, which may be to your bank or Sage.
    • Fax the form to the number provided in the form, which is a secure electronic fax mailbox.

    Tip: If you forget where you saved the form, the PDF file is saved in the Attachments tab for this cash book account.

  6. Wait a few days for your bank to receive and process your request, then come back to check the status of your bank account.

    Once your bank has authorised your application, the status will change from Pending to Active and you can start using Sage bank feeds to download transactions.

User access for Sage bank feeds

You may want to control user access for who can set up a bank account, and who can reconcile transactions.

Open: System Administration.

  1. Open Roles.
  2. Right-click the role name and choose Features.

  3. To allow a user to enable Sage bank feeds, ensure that they have access to:

    Cash Book > Advanced > Amend Bank Account Details

  4. To allow a user to download and reconcile transactions, ensure that they have access to:

    Cash Book > Advanced > Amend Cash Book Account Details

    Cash Book > Advanced > Bank Feeds Download Transactions

    Cash Book > Advanced > Bank Feeds Reconciliation


Migrate Sage bank feeds from Sage 50cloud Accounts

If you have previously used Sage bank feeds in Sage 50cloud Accounts, you can migrate your account to Sage 200cloud.

Note: If you have already set up bank feeds Sage 200cloud, this will be replaced with the account details that you used for Sage 50cloud Accounts.

  1. When you migrate bank feeds from Sage 50cloud Accounts:

    • You will download and save a migration key file (*.json).
    • You will choose a password for the migration key.
  2. In Sage 200cloud:

    Open: Cash Book > Utilities > Cash Book Settings.

    1. In the Migrate Sage Bank Feeds section, enter your migration key Password.

    2. Select Migrate, and browse to the migration key file (*.json) that you created from Sage 50cloud Accounts.