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How To Gain Sage 50 Bank Feeds Setup Process: Sage Support

Author: Accountsportal Co
by Accountsportal Co
Posted: Oct 15, 2018
sage bank

Sage 50 Bank Feeds

Bank feeds is another excellent feature in Sage 50 that allows users to integrate with the live bank account. It reduces the amount of time spent entering transactions, makes bank reconciliation simply, and make sure the accounts are accurate and up to date.

How does Sage 50 Bank Feed?

  1. Bank Feeds links and downloads the transactions of a live bank account. You can compare those transactions to existing Sage Account transactions.
  2. With Sage 50 Bank Feed match the bank transactions with those in the Sage Accounts, then create missing transactions. Once the matches are confirmed, the transactions are flagged as matched in the Reconcile option.
  3. It allows you to set up your own rules in creating automatic postings in the bank account. As a result, the time spent entering the transactions is reduced and the bank reconciliation is simplified ensuring the accounts are accurate and up to date.

Setting Up Sage 50 Bank Feeds

Before setting up Sage 50 Bank Feeds, ensure you get the Sage Account number and the Sage Software Serial Number. Also, remember that you cannot access another screen once the setup process has started. You will have to close the window then only open to another screen.

Once you have successfully acquired the Sage Account number and the Software Serial Number, you will be able to easily download the bank transactions into your Sage 50. Take the following steps to do so:

  1. Open to Bank Accounts
  2. Select the bank account you are using
  3. Click on Bank Feeds then download the transactions.

The transactions will then download and appear in the Transactions from your bank pane. You can now see your live transactions alongside those you have posted in Sage 50 Accounts. You can match the existing transactions and if required create new ones.

For more Sage 50 Technical Support

Accountsportal Sage 50 Technical Support team can provide you with more information and advice if you stumble upon any problem. We can guide to run your application and make the most out of exciting features in Sage 50. Just get in touch with our professionals for more details. Reach us by simply dialling 1-800-796-0471, or emails us at webmaster@accountsportal.co. We are also available through the Sage Chat Support link given on our Website.

About the Author

Accountsportal is a larger accounting software service provider platform that provides services through its remote access facility. We, through our website, ensure that we don't leave any error in the Accounting software our client is using.

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Author: Accountsportal Co

Accountsportal Co

United States

Member since: Sep 11, 2018
Published articles: 19

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