{"id":7185,"date":"2021-04-09T12:54:16","date_gmt":"2021-04-09T11:54:16","guid":{"rendered":"https:\/\/www.sage.com\/en-ie\/blog\/?p=7185"},"modified":"2025-04-04T10:07:53","modified_gmt":"2025-04-04T09:07:53","slug":"bank-feeds-sage-accounting-bank-reconciliation","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-ie\/blog\/bank-feeds-sage-accounting-bank-reconciliation\/","title":{"rendered":"Bank feeds: How using Sage Accounting makes bank reconciliation quick and easy"},"content":{"rendered":"
\n\t
\n\t\t
\n\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\t\tMoney Matters<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t
\n\t\t\t\t\t

\n\t\t\t\t\t\tBank feeds: How using Sage Accounting makes bank reconciliation quick and easy\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t

\n\t\t
\n\t\t\t
\n\t
\n\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\t\t\n\t\t
\n\t\t\t\n\t\t\t\t\"\"\t\t\t\tAdrian Malpass<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n

We doubt you went into business because of your love of doing the accounts and managing your cash flow (but perhaps you did\u2026).<\/p>\n\n\n\n

At Sage, we\u2019re committed to freeing you from the manual drudgery of maintaining your business admin so you can focus on the things you\u2019re passionate about.<\/p>\n\n\n\n

In this series we highlight some of the ways Sage Accounting<\/a> can help you run your business efficiently.<\/p>\n\n\n\n

Today, we\u2019re talking about bank feeds<\/a>.<\/p>\n\n\n\n

\n
“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”<\/a><\/div>\n<\/div>\n\n\n\n

 <\/p>\n\n\n\n

Do you have a clear view of how your business is doing? Who still owes you money? <\/strong><\/h2>\n\n\n\n

Having this information readily available allows you (and your accountant, if you have one) to make informed decisions with confidence.<\/p>\n\n\n\n

By using cloud accounting software<\/a>, you can have a clear understanding of how your business is doing \u2013 all from one central place, and on any device.<\/p>\n\n\n\n

And if you\u2019ve got bank feeds set up in Sage Accounting, you can quickly and easily keep track of the money going in and out of your business bank account \u2013 and who owes you money.<\/p>\n\n\n\n

\n
<\/video><\/div><\/div>\n<\/div><\/figure>\n\n\n\n

\u201cI can easily access my accounts and I know what\u2019s going on. I can check whether a customer has actually paid me because it\u2019s connected to my bank account. This allows me to focus more on my business because all those other things that Sage Accounting solution is doing for you.\u201d<\/strong><\/p>Janice B. Gordon, founder,\u00a0<\/strong>Scale Your Sales<\/a><\/cite><\/blockquote><\/figure>\n\n\n\n

What are bank feeds and how will they benefit me?<\/h2>\n\n\n\n

A bank feed is a secure online connection between Accounting and your bank.<\/p>\n\n\n\n

It\u2019s the quickest and easiest way to create bank transactions in your cloud accounting software<\/a> and removes the complexities (such as rules\/clearing transactions).<\/p>\n\n\n\n

Once set up, Accounting can automatically import transaction details from your bank account.<\/p>\n\n\n\n

That means you can say goodbye to the drudgery of manual entry of transactions or importing transactions from a downloaded file.<\/p>\n\n\n\n

Not only will you reduce the chance of errors creeping in when you\u2019re managing your business finances, you\u2019ll also gain precious time back in your day.<\/p>\n\n\n\n

Check out our in-depth guide to bank feeds<\/a>.<\/p>\n\n\n\n

\u201cSage Accounting automatically processes bank statements and invoices. It\u2019s all done for you. I can look at my accounts whenever I want on my mobile. The beauty of automation is that we can focus on what makes the business tick.\u201d\u00a0<\/strong><\/p>Dan Shardlow, Owner,\u00a0<\/strong>Sky Spa Wellness Centre<\/a><\/cite><\/blockquote><\/figure>\n\n\n\n

Simple and secure setup<\/h2>\n\n\n\n

It\u2019s quick and easy to connect to your bank. Simply follow these four steps (and watch the video below too):<\/p>\n\n\n\n

    \n
  1. Select and connect your bank account and, depending on your bank, you\u2019ll either be asked to sign in \u2013 like you would on your online banking app \u2013 or you may need to fill in a short form.<\/li>\n\n\n\n
  2. Authorise the feed by reading and accepting the terms and conditions, giving Sage permission to securely retrieve your transaction date.<\/li>\n\n\n\n
  3. Answer some security questions to finalise the connection to the bank feed.<\/li>\n\n\n\n
  4. Voila \u2013 you can now say goodbye to the hours spent updating your transactions manually.<\/li>\n<\/ol>\n\n\n\n
    \n
    <\/video><\/div><\/div>\n<\/div><\/figure>\n\n\n\n

    It goes without saying that security is of extreme importance. For security purposes, you\u2019ll be asked to update your login details to your bank accounts every 90 days.<\/p>\n\n\n\n

    Does my bank support bank feeds?<\/h2>\n\n\n\n

    We have connections with the majority of major high street banks, but there will be some banks that are not currently supported.<\/p>\n\n\n\n