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Bank reconciliation software that saves you time

Always be on top of your money with better visibility of finances, greater accuracy, and big time savings. Explore bank reconciliation software from Sage.

How bank reconciliation works

Bank reconciliation is the process of comparing your business financial records with transactions on business bank statements to make sure they match. It helps you:

Save time

One automated process saves you hours. Snap receipts and invoices and upload them to Sage Accounting in a click. Then your data is matched to bank transactions automatically.

Control your cash

Easily and securely view potential transactions in one place, choose which ones to match, and apply rules so that you have complete confidence in your finances.

Improve accuracy

With a simple, automated process that cuts out the admin, it’s easy to reduce the chance of human error, view bank charges, and spot fraudulent activity.

Get the data you need, faster

Set up simple filters and search for transactions using invoice numbers, amounts, and contact references. View all potential transactions in one clear list so they’re easy to match with your financial records.

Match transactions automatically

Save time on admin with bank rules. Set up rules for incoming and outgoing bank transactions to prepopulate details and save time. Create and split bank transactions and quickly see where a bank statement line matches a rule.

Create rule transactions in bulk

Create transactions in bulk at the click of a button to save valuable time.

Import files directly

Now, you can import files directly or easily push your files from AutoEntry into a bank feed to save even more time.

Software that learns with you

Sage Accounting intelligently learns from your category selections and automatically populates and routes transactions in Sage Accounting.

Plans to support you and your business

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Try Sage and get full access to your product free for 1 month. All plans include the essentials. Cancel or upgrade any time.

Start

Great for solopreneurs and freelancers.
FREE for 1 month
$17.00
C$0.00 1
You save $17.00
  • Create and send unlimited sales invoices
  • Get paid faster with integrated payments
  • Track what you're owed
  • Automatic bank reconciliation
  • Calculate your GST/HST to submit to CRA
  • Supports 1 user
  • Sync your Sage Payroll data
  • Bilingual interface and support in English and French
Most popular

Standard

Great for small businesses.
FREE for 1 month
$39.00
C$0.00 1
You save $39.00
  • Create and send unlimited sales invoices
  • Get paid faster with integrated payments
  • Track what you're owed
  • Automatic bank reconciliation
  • Calculate your GST/HST to submit to CRA
  • Sync your Sage Payroll data
  • Bilingual interface and support in English and French
  • Supports unlimited users
  • Run advanced reports
  • Send unlimited quotes and estimates
  • Forecast cash flow
  • Manage purchase invoices
  • Snap receipts with AutoEntry, 75% off3
Accounting Plus

Plus

Great for growing small businesses.
FREE for 1 month
$55.00
C$0.00 1
You save $55.00
  • Create and send unlimited sales invoices
  • Get paid faster with integrated payments
  • Track what you're owed
  • Automatic bank reconciliation
  • Calculate your GST/HST to submit to CRA
  • Sync your Sage Payroll data
  • Bilingual interface and support in English and French
  • Run advanced reports
  • Send quotes and estimates
  • Recurring invoicing
  • Manage purchase invoices
  • Track income and expenses by projects and departments
  • Forecast cash flow
  • Snap receipts with AutoEntry, 75% off 3
  • Invoice in multiple currencies
  • Multi-currency banking
  • Manage inventory

1Offer valid for new customers only on monthly subscriptions of Sage Business Cloud Accounting. Discounted subscription rate is only for the first month after which the monthly subscription rate will renew at the then current rate. May not be combined with any other offers or discounts. To ensure continuous service your subscription plan is an automatically renewing plan. Subsequent months will automatically be billed to the same credit card each month on your anniversary date of purchase. You may terminate the plan at any time prior to your renewal data and not be charged for the renewal. 

2Start your free trial and receive 1 month free, then $17, $39, or $55 /month (tier depending).

3Snap and upload data from unlimited receipts, invoices, and supplier statements with AutoEntry. 75% off your first 3 months. Accounting only.

4Not all Accounting features available on the mobile app. Mobile devices sold separately and a data plan is required. Data access is subject to cellular provider network availability and occasional downtime due to system maintenance.

Bank reconciliation software FAQs

There can be times when your financial records might not be the same as the transactions appearing on your business bank statement. Bank reconciliation simply means that you’re comparing these records and identifying the differences between the two. It helps to keep finances accurate and reduce human error.

You can match cash accounts to bank statements through bank reconciliation software. This helps to keep you to stay compliant and keep your finances accurate. With Sage bank reconciliation accounting software, you can save time too. Automatically connect your bank to Sage Accounting to use a direct bank feed, or import bank statements. And get a complete view of your finances, anytime.

You can use bank reconciliation software to:

  • Make sure your financial records are accurate
  • Save time by automatically uploading bank statement data
  • Have confidence that the numbers you report to Revenue Canada are correct
  • Easily spot fraudulent activities on your accounts
  • Take control of cash by setting up time-saving rules

Yes. You can use bank reconciliation free through Sage Accounting.

Yes. The best way to complete your bank reconciliation quickly and minimize errors is to use software that automates the process, like Sage Accounting.

By connecting your bank accounts, bank transactions will automatically populate in Sage Accounting. Then, you can set up rules to automatically match these transactions.

You can prepare a bank reconciliation by comparing your cash account records from your business to your bank statements. If the ending balance in your company's cash account is equal to the ending balance on your monthly bank statement, the accounts are reconciled.

More Sage Accounting features and benefits

Bank reconciliation isn’t the only time-saving feature in Sage Accounting. Discover more today.

Get Sage Advice on better banking

It's time to boss bank reconcilation. Read our handy reports, articles, and blogs to get started.

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