Connect your bank feeds and make administration a breeze

If you’re using online banking, then you can easily and securely connect your bank to Sage Accounting – this is called a bank feed. Transactions will be automatically imported into Sage Accounting – and all while performing your normal, manual administrative tasks.

When you've connected your bank feed, you can then begin bank reconciliation.

More on bank reconciliation

Start set up: Sign into Sage Accounting and select the option to connect your bank account to a data feed.

1. Choose your bank: Select your bank from the list and enter your account details
2. Give authorization: Let your bank know that you authorize sending data to Sage Accounting.
3. Activate the feed: Once activated, your bank transactions will flow into your accounts.
4. Set up rules: Use custom rules to categorize transactions.
5. Start reconciliation: New transactions will be automatically categorized and allocated.

By using bank feeds you can:

• Save time with an automated process that pulls data from your bank to Sage Accounting
• Take control of your cash flow with better data visibility
• Have confidence that your data is safe and shared via a secure connection
• Use up-to-date reports to stay on top of your cash
• Use bank reconciliation to further automate administrative tasks

Yes. Your bank feed is shared with Sage Accounting through a secure connection. All you need to get started is to allow access to your bank account and re-confirm that you allow to share data with us every 90 days.

Sage Accounting connects directly to hundreds of banks. And we can help you to get set up.

See the full list of banks

Direct bank feeds:

• Where we have an agreement with your bank or financial institution to connect in a specified way
• Usually requires you to complete an authorization form
• The authorization process may take 3-10 business days from receipt of the form before the connection is set up
• Once this is set up, there is no need to re-authorize your connection
• Transactions are usually sent to Sage Accounting on a daily basis

Open bank feeds:

• Usually requires you log in to your online bank account as part of the connection process
• You'll need to know your online bank account details, including your username and password
• Re-authorize your account every 90 days
• Your bank feed is usually set up and connected within 30 minutes

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 with an automated process
• Control cash with a secure view of all of your transactions in one place
• Improve accuracy and detect fraudulent activity

Discover more about bank reconciliation