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Bank statement reconciliation in Sage

  • 17 posts
  • # 117434

Hi everyone

 Hoping someone might be able to help with my query – feeling a bit stupid just now!! I’ve just started my level 3 and I’m looking at bank statement reconciliation with the current bank account in Sage. Can anyone tell me how to add the opening balances into the reconciliation? I understand that an adjustment needs to be made and assume this is in the form of a bank payment. But, what nominal code would I use to add this adjustment? Also, assume the tax code would be T9?

 Any help would be great!!!

 Many thanks, Lauren

  • Member
  • 8 posts
  • # 117510

LollyBets said:

“

Hi everyone

 Hoping someone might be able to help with my query – feeling a bit stupid just now!! I’ve just started my level 3 and I’m looking at bank statement reconciliation with the current bank account in Sage. Can anyone tell me how to add the opening balances into the reconciliation? I understand that an adjustment needs to be made and assume this is in the form of a bank payment. But, what nominal code would I use to add this adjustment? Also, assume the tax code would be T9?

 Any help would be great!!!

 Many thanks, Lauren

”

 Hi Lauren

 

If drill down into the bank account 

Account details 

In the box that says balance there is a little OB button , click on this and enter your opening balance, be it positive or an overdraft  

 

dont worry about VAT as Sage will do this as a T9

Lynda 

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