How to Enable Bank Reconciliation in Sage 50?

enable bank reconciliation in sage

It’s not tough at all to guess why Sage 50 is extremely popular among the business community across the world. This premier accounting software helps businesses perform their accounting tasks in a more streamlined and efficient manner. Sage 50 is also widely appreciated for its user friendly interface. Even a novice accountant can use this accounting software with ease. However, as per the feedback received from a section of Sage users, there are some accounts related features they often find difficult to use. Some of them have informed that they are not quite aware of how to enable bank reconciliation in Sage 50. In this blog, we are going to address this. Here, we will look atewJv53NS8krxAdY fqIVboi4Ij CmiFkJbbJv32gvywrpZC3GnRdmO5yjOrO5hbc gKFiFyJXTuKmTCHG8jQ7ytgF4aAPztRoYuX3OEYqSTdhU55mzU4f ei2HzA95n72Wbktf0da23c7jJ0MQ a simple and step-by-step procedure to enable bank reconciliation in Sage 50.

Also ReadReconcile Accounts in Sage 50

Here we go!

Procedure to Enable Bank Reconciliation in Sage 50?

Please follow the steps below-

  • Open the Sage 50 application
  • Go to the Home window:
    • If you are in Enhanced View, choose Company and then double-click on Chart of Accounts.
    • If you are in Classic View, double-click on the tab named Chart of Accounts.
  • Now, do a double-click on your bank account
  • Click on the Reconciliation & Deposits tab 
  • Next, checkmark the box adjacent to Save Transactions For Account Reconciliation.
  • The Set Up button will be displayed at the bottom of the page.
  • Click on this button and set up the revenue accounts for:
    • Exchange gain
    • Interest income
    • Adjustments
    • Error-Gain
    • You can also set up expense accounts for the following 
  • bank charges
  • NSF Fee, and 
  • Interest Expense.
  • If required, you can rename the types of Interest and Expenses available in the bank statement.
  • Click OK to save your settings

We hope the sequential steps mentioned above have helped you a great deal to enable bank reconciliation in Sage 50. If you are still experiencing any difficulties in carrying out the above-mentioned steps or if you have any more queries, we would recommend you to get in touch with some authorized Sage experts.

Also Read: Credit Card Reconciliation in Sage 50

Accounting Professionals & Specialized Experts

Want quick help from accounting software experts? Get in touch with our team members who can install, configure and configure your software for you. Proficient in fixing technical issues, they can help you quickly get back to work whenever you encounter an error in Sage software. Our team is available 24/7 365 days to assist you. To get in touch.


Sage Chat help desk
Sage Chat help desk

Customer Service

AVAILABLE 24/7

Chat with us

HOURS OF AVAILABILITY VARY
Related Posts:

Report Your Issue

(Didn't find what you were looking for! Report your issue and get customized help from our Sage experts.)



    Sage Version

    Edition Year

    No of User: Licence

    Operating System:

    Help Needed:

    Write your Issue

    Further Reading