Bank Reconciliation & Bank Matching

Why Bank Reconciliation? Bank Reconciliation makes sure the bank balance in your Balance Sheet is the same a the actual balance at the bank. This is a crucial part of ensuring the overall accuracy and integrity of your accounts and a requirement for auditing. Verifying that your balance sheet bank balance matches the balance at Read more about Bank Reconciliation & Bank Matching[…]

Trial Installation Guide & User Guide for Bank Reconciliation

There are two steps to install & setup the Bank Reconciliation FeaturePack plugin. You must be logged on as the System Administrator to install the package Step 1 – install the managed package The Budget Grid uses a managed package which needs to be installed. You must have and up-to-date Sage Financials installed first. The Read more about Trial Installation Guide & User Guide for Bank Reconciliation[…]

Bank Tag balance and Ledger Statement Balance

Before trying to work out why your Bank Statement does not match the bank account in Sage, check the Bank Account Tag balance matches the Ledger Statement balance: The Bank Account Dimension Tag balance is displayed when you go to the tab ‘Bank-BANK ACCOUNTS’. For the Ledger Balance go to ‘Ledger-LEDGER STATEMENT’, choose the Ledger Read more about Bank Tag balance and Ledger Statement Balance[…]

Christmas Fix for Bank Matching filters

What is the problem? If you use the [Pay] feature to mark Purchase Invoices as paid, you generate ‘Payment to Suppliers’ journals. Using Bank Matching feature in Sage Financials you can easily use [Match] to match a payment from you bank statement to the ‘Payment to Suppliers’ journal. So far so good, but unfortunately the ‘Filter Read more about Christmas Fix for Bank Matching filters[…]

Product Focus: Mark Paid

Bulk paying purchase invoices is one great feature of Sage Financials, especially with the BACS bank feed so you can create a single BACS file for upload to your bank. But sometimes it can be difficult to select all the invoices ready for payment. This is where ‘Mark Paid’ comes in handy. Setting up a Read more about Product Focus: Mark Paid[…]

Sage Financials Reporting Explained – Sage Intelligence

This is the third article in the series FIVE different reporting technologies included in Sage Financials. Key Financial Reports Salesforce Reports Sage Intelligence Einstein Analytics Financials Reporter   Sage Intelligence Sage Intelligence is a separate cloud based application that gives great flexibility to create the kind of reports your accountant will love, as well as Read more about Sage Financials Reporting Explained – Sage Intelligence[…]

Foreign currency Supplier Payments using a GBP bank account (new method)

Reconcile Foreign currency Supplier Payments using a GBP bank account The scenario is: You add a Purchase Invoice for $5,340.70 in Jan when the exchange rate is 1.20 You pay the supplier in full, £4,108.23, in Feb and are quoted an exchange rate of 1.3000 by the bank. There are additional £5 fx charges applied   Read more about Foreign currency Supplier Payments using a GBP bank account (new method)[…]

Sage Financials Reporting Explained – Salesforce Reports

This is the second article in the series FIVE different reporting technologies included in Sage Financials. Following on from the first article on Key Financial Reports, this article is a primer for Salesforce Reports. FIVE different reporting technologies included in Sage Financials Key Financial Reports Salesforce Reports Sage Intelligence Einstein Analytics Financials Reporter Getting to Read more about Sage Financials Reporting Explained – Salesforce Reports[…]