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E-Banking

The e-Banking option makes it easier to control your cash flow, it's also a quicker and more accurate way to pay your suppliers. You can use the e-Banking option to connect to your banking software and process e-Payments and e-Reconcile.

E-Payments creates a file that you can import into your bank's electronic banking software. This means that you can automate your supplier payments in Sage Accounts.

E-Reconcile gives you the option to import a bank statement into Sage Accounts to reconcile the transactions in Sage against your statement.

Note: Before you can start using the e-Banking options, you must first contact your bank. They provide you with their software, which you can use with the Sage e-Banking options. Most major banks have software that is compatible with your Sage software.

To set up e-Banking

• Settings > Bank Defaults > select Enable e-Banking > OK.

Download and install the required e-Banking component

Visit the Sage website for a list of the available components to download and install.

Enter your bank details

1. Bank > select the required record > Bank Record.
2. Bank Details > ensure you complete all of the information and from the Bank Type drop-down list choose your e-Banking component. Find out more about how to complete this tab
3. Save > Close.

To configure your e-Banking component

1. Bank > select the required record > Bank Record.

2. Bank Details > Configure > complete the Sage eBanking Configuration window as follows:

   Note: The information required to configure the e-Banking option depends on the bank type you choose from the drop-down list. Some of the following options may not be available.

   Common directory	Enter the directory where the e-Payment files and e-Reconcile statement files save to, or click Browse to select the required folder then click Open.
   Override common directory	If you don't want to use the same directory for e-Payment files and e-Reconcile statements, select this check box.
   Statement Reconciliation Service	Enter the directory where the statement files from your banking software save to, or click Browse to select the required folder then click Open. You can also enter the file extension your banking software saves the statement files as, for example, TXT.
   Payment file options	Enter the directory where the e-Payments files save to, or click Browse to select the required folder and then click Open. You can also enter the file name and extension of the payment files, for example, TXT.

3. OK > Save > Close.
   

To set up the supplier records

1. Suppliers > Supplier List > select the required supplier account > Supplier Record.
2. Bank > complete all of the details in this tab and select Online Payments. Find out more about how to complete this tab
3. Save > Close.