Account details (CB account)

Enter the main bank account information on the Account Details tab.

To enter the bank account details

Open: Cash Book > Cash Book Accounts > Enter New Account | Account Details.

1. Enter the Code.

   This can be up to 8 characters and in any format of your choice.

2. Enter the Account description.

   This is the name you use to refer to the account. It can be up to 30 characters.

3. Leave the Active Status as Active if you want the bank account to be available.

   You might set the status to Hidden if you have created a new account that you don't want to be used yet, or when you're no longer using the account. See Hide or show a bank account.

4. Enter the Details:

   • Sort Code.

     Enter the bank account sort code.

   • Account number.

     Enter the bank account number.

   • Account name.

     Enter the name on the bank account.

     If you are using Supplier Payments, the account will be given the name Sage Payments E-Account, which you can change.

   • Account type

     • You will usually select a Current or Deposit account.
     • If the account is to be used exclusively for Invoice Payments, use Sage Invoice Payments.
     • If you are using Supplier Payments, the type is fixed as a Supplier Payments account.

   • Account currency.

     Select the operating currency of the account from the drop-down list.

     You set up the currencies in the list in Accounting System Manager. The first currency in the list is always your base currency.

     You cannot change the currency once you have posted transactions to the account.

     If you are using Supplier Payments, this is fixed to Pound Sterling.

   • Overdraft limit.

     Enter the overdraft limit agreed with your bank.

     This is for information only.

   • IBAN.

     Enter your bank account's IBAN here. The IBAN is the International Bank Account Number. It represents your bank account number and sort code in an internationally recognised format.

     Note: Note: If your business deals with bank transfers as part of the SEPA payment initiative between European countries, you must enter a number here. This number is used by the e-Banking component in Sage 200.

5. Choose the nominal accounts for posting this bank's transactions to the nominal ledger. These must be posting nominal accounts.

   1. Bank account: By default this shows the nominal account set up for bank accounts in Default Nominal Accounts.

      If you are using more than one bank account in Sage 200, we advise you to create a separate nominal account for each bank account you set up in Sage 200, and select it here.

   2. Bank charges: By default, this shows the nominal account set up for bank charges in Default Nominal Accounts.

      • If you have more than one nominal account to record your bank charges, select the appropriate account here.

      • If you use Invoice Payments, your payment provider's fees will be posted to this account.

        For details on processing your payment fees for VAT, see How to record your payment fees (opens in a new tab).

   3. Exchange Differences: For foreign currency bank accounts, this shows the nominal account set up for exchange differences in Default Nominal Accounts screen.

      If you have more than one nominal account to record exchange differences, select the appropriate account here.

   Note: If no default nominal accounts have been defined, or you don't select nominal accounts for your bank account here, then Sage 200 will post the transactions to the Suspense account.