Sage 50

E-Banking

What is it?

Sage e-Banking is an add-on to your Sage Sage 50 program, which allows you to electronically export your supplier payments to your banking software, and depending on whom you bank with, Sage e-Banking can help you electronically reconcile your bank statement.

Which Banks facilitate E-Banking and where can I get more information?

For a detailed list of all the banking Software Sage e-Banking is compatible with simply access the following link:

Compatible Banks

How do I set up and run e-Banking?

To help you set up and run your e-Banking module we have written the following two Knowledgebase Articles for your convenience:

How to record E Payments

How to E Reconcile your Bank Account

Sage e-Banking - Features and Benefits

Sage e-Banking provides a whole new level of cash control for your business where your cash flow can be effectively managed.

With statement information you can:

• Complete rapid bank reconciliation with your accounts software.
• Quickly highlight the transactions that have cleared and those that have not.
• Get a clear picture of funds available and more accurate cash flow control.
• Keep your accounts up to date by listing payments and receipts that have been banked but not entered into the accounts.
• Spot interest received, or bank charges incurred, and then make sure they are both recorded in the accounts.
• Pinpoint differences in accounting and banking records so possible errors are easily spotted.

With electronic payments you can:

• Control cash flow.  When you initiate an automatic electronic payment, you know precisely which day it will be cleared from your account.  You then know what funds need to be in your account on that day to fund the payment.

TO PURCHASE THIS EXTRA FEATURE FOR YOUR SAGE 50 PLEASE CALL OUR BUSINESS ADVICE TEAM ON 1800 255 300