The steps below provide guidance on how to setup a Sage Bank Feed in Sage Accounting.
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Read the below instructions or alternatively watch the step by step video below.
To set up your bank feeds, go to Banking > Transactions > Manage Bank Feeds.
Click on Accept our Terms and Conditions.
Click on Continue and the following screen will display:
Accounting supports thousands of banking institutions. The most popular banks in your region will be listed on the Connect your bank screen.
If your bank is listed on-screen, click on the bank logo.
If your bank is not listed on-screen, enter the name of your bank or credit card company in the search box. If your bank account doesn’t appear in the search, it means your bank doesn't currently have a supported feed available. You can download a statement file from your online banking service and use the file to import transactions instead.
Follow the steps to connect to your bank:
Based on the bank selected you'll be asked to authorise the connection between your bank account and Sage. The details that you need to complete depends on the type of bank feed being set up and your bank's own requirements.
After entering the required credentials, Sage Bank Feeds will allow the user to select the specific Bank Account you would like to integrate.
For example, if you have a credit card and a current account linked to one internet banking login, you will be able to specify which bank account to link to your Accounting bank account.
3.You’ll need to select the date from which you’d like Sage Bank Feeds to download your banking transactions.
4. Next Sage Accounting will allow you to link your existing Bank Account name(s) to the new bank feed you’ve created. Alternatively you could enter a new Bank Account Name to be created in Sage Accounting.
5. Click on Save.
Finally you’ll need to verify the first import date you’ve entered, as well as the frequency that bank feeds should be refreshed.
Click on Save
Once the bank account is linked and connected, you will receive the following popup where banking transactions will download automatically within 24 hours.
You will also receive the following message stating that the "Sage Bank Feed Account is not Active". This message will display until The Sage Bank Feed Account activates within a 24 hour period. Once the Sage Bank Feed Account is active, transactions will automatically download.
In order for Accounting to track your bank balance, an opening balance is required. Sage Accounting will create your opening balance for Banks and Credit Cards based on the transactions retrieved from your First Import Date and your current Internet Banking Balance.
Transactions that have been imported will only affect your bank balance once they are processed. Transactions can be reviewed, allocated and then processed by choosing the Review Transactions button on the last step of this wizard.
You will be able to adjust your opening balance later by choosing the Adjust Bank and Credit Card Opening Balances option on the Banking Special menu.
