Money Matters

Sage Accounting latest updates: Driving efficiencies through banking automation

Tired of manually managing your banking and data entry? Check out three Sage Accounting updates that will help you overcome these challenges.

Business admin is an important part of running a business – and a key part of that?

Dealing with your banking.

Understanding your cash flow, staying on top of your income and outgoings, and sorting your invoices are just some of the tasks you’ll have to tackle on a daily, weekly and monthly basis.

But if you’re not making the most of your accounting software to manage your banking tasks, you’ll be spending more time on admin than is required.

And that means less time doing what you love – selling your products and services, finding new customers, having your evenings and weekends free to do as you please.

Instead of dedicating time to deal with data entry, your accounting software can help with your banking requirements in three ways:

  • Automatically import bank transactions
  • Set up reusable rules
  • Streamline your bank reconciliation process

In this article, and as part of our Sage Delivers series, we’ll reveal how Sage Accounting can help you fulfil all three of these.

Here’s what we cover:

The importance on integrating banking in Sage Accounting

Putting your feedback into motion

Three ways the new Sage Accounting banking release can help save time

What do these improvements mean for you and your accountant?

Bonus stuff: More support on managing your banking

Get paid faster, track cash flow and automate admin with our award-winning accounting software to free up time so you can focus on the work that matters most

Banking has evolved from manually writing up receipts to an automated process triggered by a few clicks within Sage Accounting.

This has been opened up through the connection of banks, the automation of bank feeds, and further enhanced by technology such as AutoEntry to digitally capture your financial documents.

Integrating your banking into Sage Accounting means you can work more efficiently, and this will help you streamline the reconciliation of your accounts.

Having the confidence that your accounts match up is another way Sage gives you control of your business.

As we continue to evolve Sage Accounting to meet the needs of your business, we’ve looked at the valuable feedback from our customers and addressed some of the most pertinent requests received.

We know you want to have the flexibility to manage your accounts in a way that works best for you – and this latest release does just that.

You can look forward to an even more streamlined bank reconciliation process.

  1. Have the flexibility to import your transactions from anywhere. Set up a bank feed directly with your bank, import your bank statements yourself directly into Sage Accounting, or with a click of a button through our exciting new integration with AutoEntry.
  2. Easily set up the automation of bank rules to any of your transactions, regardless of where the data comes in from. (Unsure what rules are? Bank rules are a set of criteria that you define and are applied to incoming bank transactions. Use them with bank accounts connected to a bank feed or when you import a statement directly or via AutoEntry.) Setting up and applying rules is a great way to simplify your banking process by automating the task of manually allocating transactions.
  3. You can now copy rules between bank accounts. That’s right, managing the rules once they’re set up has never been easier.  Even better, take that rule and use it on another business – or in the case of accountants, another client – saving you even more time.

All in all, these updates give you the platform to simplify your admin and enable you to automate the manual processing of transactions – saving you a lot of time.

In addition, we’ve created a series of useful help articles that’ll take you through all you need to know about managing your banking:

No matter how you want to process your banking data, the tools and functionality in Sage Accounting will help you work more efficiently – giving you more time to do what you love.