All in One Solution for Reconciling your Bank Accounts using SAGE 50
Process of the Reconciling with SAGE 50
The process of the reconciling can be hard for the new users. The process of the reconciling the bank accounts has following steps:
- To start the reconciling, user selects the account reconciling option from the task menu.
- User can also click on the banking option in the sage 50
- After clicking on reconcile, select the bank accounts which you want to reconcile.
- Then user selects the statement dates and enters the account balances.
- After that user can reconcile the bank accounts easily.
Other Important Options
There are also other options available to make the process easy like sort by. You can sort details by date, type or amount to change the order. There is a find button is available to search any text easily. Your bank statement can be downloaded by using import button. You can also add multiple statements at one time by add multiple option. Add new button is also available for the adding of new bank accounts. You can also clear the old or unwanted accounts by using the clear button in sage 50 menu.
Accountant or bookkeeper can match all the bank statements and balances in the sage 50 in a professional way. After putting all the details about bank accounts, user can click on the check button to match all the accounts. Then the sage 50 will give all information about the income and expenses. So the accountants get the simplest way to manage the cash and accounts information.
There are others options are also available like automatic reconciling or manual reconciling. In the automatic reconciling, the software automatically reconciles the bank accounts at the selected date. In this process, software uses the all information added in it and make statements automatically. But in the manual reconciling, the user has to reconcile the bank accounts himself by using software. User can select the desired accounts only.
The user can also check all details about the cash in and cash out using sage 50. The user has facilities to know about the deals, he made with the customers, clients and suppliers. If accountant has any problem in matching the accounts, he should check that he entered all the statements correctly. User can also match the information of his checks, debit cards and credit cards.
Sage 50 gives the facility for reconciling of bank accounts to the accountant and bookkeepers. Users can store and match all the information about their bank accounts and transactions. Sage 50 also give provide the fast way of managing the accounts for accountants.
With Sage 50 software the process of reconciling your bank accounts becomes smoother. The new users may face difficulty in the bank reconciliation process. The steps require accounting knowledge and the users may lack that understanding. Without any doubt contact www.accountingadvice.co and contact the Sage customer support team by calling to toll free sage accounts support telephone number 1800-961-4623 that is 24×7 active.
Report Your Issue
(Didn't find what you were looking for! Report your issue and get customized help from our Sage experts.)