Always be on top of your money with better visibility of finances, greater accuracy, and big time savings. Explore bank reconciliation software from Sage.
Bank reconciliation is the process of comparing your business financial records with billing, invoicing and other transactions on business bank statements to make sure they match. It helps you:
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.
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.
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.
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.
Suited to businesses with 1-19 employees. Upgrade or cancel at any time. No long-term contracts, commitments or hidden fees.
30 included + £0.20 per additional approved capture
100 included + £0.20 per additional approved capture
*Get 3 months free, then £18/£39/£59 + VAT/mo (tier depending). Terms and conditions apply.
There can be times when your financial records might not be the same as the transactions appearing on the bank statement for your business. 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 financials 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, any time.
You can use bank reconciliation software to:
Yes. You can use bank reconciliation free through Sage Accounting.
Yes. The best way to complete your bank reconciliation quickly and minimise 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.
Find out how Sage simplifies accounting for all types of business.
“With my bank connected to Sage Accounting I am in control of business performance, and I know where to focus my attention.”
Roisin Culligan
Brew Box Coffee
Read our handy guide to discover how bank feeds can make life easier, get advice on choosing a bank, and learn how Sage Accounting can help you and your small business.
It's time to boss bank reconciliation. Read our handy reports, articles, and blogs to get started.
Understand deposit in transit meaning and why deposits in transit bank reconciliation matters. Learn how to track deposits not showing in your bank statement.
Learn about the best payment methods your small business can offer, so you can keep your cash flowing.
Learn about bank feeds, an accounting innovation that can help your business reduce manual reconciliation work and become more efficient.
Discover how using bank feeds can help you to save time and increase accuracy when it comes to managing your business finances.
What does a former nurse turned personal safety entrepreneur on £80,000 spend in a week? Read this article to find out.
What does a tea-obsessed Gen Z digital entrepreneur on £200k spend (and earn) in the space of a week? Let's find out
Salary or dividends? Find out the most tax-efficient way to pay yourself as a small business owner or company director, including the current dividend allowance.
Discover why a multi-currency business bank account is a must for most small businesses who trade or hire overseas.
Find the Sage Accounting package that's right for you and start seeing the benefits today.
