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What are Bank Feeds?

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Bank feeds is a feature of Sage 50cloud Accounts that integrates with your live bank account. It reduces the time you spend entering transactions, simplifies your bank reconciliation and ensures your accounts are up to date and accurate.

  • Download live bank account transactions and compare them to your Sage 50cloud Accounts transactions.
  • Match your bank transactions to those in Sage 50cloud Accounts, and create any missing transactions.
  • Set up rules to make automatic postings from your bank account into Sage 50cloud Accounts - with compatible banks.

How it works

Bank Feeds links to your bank and downloads your transactions. You can then match these to existing transactions in Sage 50cloud Accounts, or create new ones. This confirms that everything in your live bank account is reflected in Sage 50cloud Accounts. When you confirm your matches, it flags the transactions as matched within the Reconcile option, ready for your next bank reconciliation.

Find out more about how Bank Feeds links to your bank transactions.

Bank feeds entitlement

Bank compatibility

To check if your bank account is compatible with the Bank feeds service, see our list of supported banks.

Software entitlement

Bank feeds is available in Sage 50cloud Accounts. We recommend you install the latest version of Sage 50cloud Accounts before activating Bank Feeds.

If you're interested in upgrading to Sage 50cloud Accounts you can contact our sales team on 0800 33 66 33, or if you'd prefer us to call you back, just submit your details >>

Accountants and Bookkeepers - You have access to Bank Feeds if you are a member of the Accountant / Bookkeeper Network and have a valid contract.

Next steps

To get started you can set up Bank feeds, once complete, you can then start using Bank feeds.


Support

Training available at Sage University


Want know more about this topic? We've covered this and much more in our training courses at Sage University, the online training resource. Read more >