Skip to content
logo Knowledgebase

Set up bank accounts

Created on  | Last modified on 

Summary

Set up bank accounts in Sage Accounting.

Description

Follow the steps below to set up bank accounts in Sage Accounting.

Resolution

Set up a bank account

  1. Go to Banking, and select the Bank Account tile.
  2. Enter the details for your main bank account first.
Account Name

Enter the name for the account. Shows on the Banking page and on reports.

Account TypeAutomatically set to Current.
Sort Code and Account NumberDetails for this bank account.
Default Transaction MethodDefault payment method when entering payments and receipts.
Ledger Account

Choose the ledger account to be used for payments and receipts using this bank account.

IBANThe International Bank Account Number.
BIC / SwiftUsed for processing an international payment using the SWIFT system.


Add another bank account
  1. Go to Banking, select New then Bank Account.

  2. Enter the details.

     Account Type

     

    Bank type, for example, Credit Card, Savings, etc.

     Account NameShows on the Banking page and on reports
  3. Click Edit on the bank account to add further details.
  4. Choose the tile for your new bank account.
  5. Click Save and Connect Bank.