How to Set Up New Bank Account in Sage 50

💠 Select the Bank Account and then select Edit/New in the drop-down menu and then select the Menu Button.
💠 Now, Fill-in the following credentials in your Bank Account for Sage 50.
💠 A/C Ref – Enter the nominal code of the new bank account.
💠 Nominal Name – To enter a new bank account, use 60 Characters.
💠 Account Type – Click on the account type. Once the transaction in the account is submitted, you will not be able to change the account type.
💠 Currency – If you have foreign merchants or traders, you need to select the Currency type.
💠 Balance – It exhibits balance in your Current Account. To type opening balance, select the balance. Now enter the opening balance and then select OK and then Yes.
💠 Minimum Limit – Enter the amount to balance the bank account to make it fall below average.
💠 No Bank Reconciliation – If any bank reconciliation function is not required, mark the checkbox.
💠 The Bank Feed is only available in more than 21 versions. To make use of Bank Feed, click on the checkbox and do as the instructions pop-up on the screen.
💠 Now, go through all the bank details and then enter the bank address, contact details and other relevant account details.
💠 In case you use Version 21 or Lower Version, select bank details and contact details.

💠 To either add an attachment in the Bank or add the Memo Text, select the Memo.
💠 Your new account will now be ready for use. Now, check the accounts chart to ensure that nominal code is properly placed.
💠 Now, select the required bank account
💠 In the Toolbar, you need to select either Edit Drop-down or New Drop-down list and then select the Edit button.

💠 Select the record
💠 Make changes in the Required Record Details
💠 Click on the Save Button and then click on the Close button
💠 Click and make changes in Default Bank Account.
💠 In the Menu Bar, select the options and then select control accounts