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Banking Navigation Center

This section shows you how to use the Banking Navigation Center to record a miscellaneous cash receipt and create a bank deposit in Sage 50. Next, you will learn how to use Sage 50 to prepare and print a bank reconciliation statement. For a brief overview of how to perform a bank reconciliation in Sage 50 you may find it useful to watch the video tutorial below.

Note that some of the icons that appear in the Banking Navigation Center are also available in other Navigation Centers. For example, you can find the Enter Bills icon in this Navigation Center and also in the Vendors & Purchases Navigation Center. For instructions on how to use that particular icon and record various other cash transactions in Sage 50, view the appropriate links below.

The topics covered in this section are summarized in the Key Topics list below. To view step-by-step instructions and screen illustrations of a particular topic, just click on that topic link now.

Key Topics

Recording a miscellaneous cash receipt

Besides collecting receipts from customers, businesses sometimes receive miscellaneous cash receipts from parties such as loan providers, from vendors for cash refunds and from the owners of the business for further capital investment. This topic explains where and how to record a miscellaneous cash receipt into Sage 50.

Creating a new bank deposit

For all cash receipts entered into Sage 50, you must also record that the receipt has been deposited in the bank. Read this topic to find out how you can combine multiple cash receipts into one or more bank deposits.

Preparing a bank reconciliation

Preparing a bank reconciliation statement on a periodic basis is an important control procedure. This topic explains where and how a bank reconciliation is prepared in Sage 50.

Generating the account reconciliation report

Find out how you can display and print a bank reconciliation statement in Sage 50.

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Looking for something?

If you are looking for instructions on how to record a miscellaneous cash payment, review the purchase transactions page in the vendors and purchases section of this Learning Center. In particular, read the instructions on recording cash purchases of non-inventory items or services.

However, if you are looking for instructions on how to record cash receipts from sales or from the collection of accounts receivable, review the following topics in the customers and sales section of this Learning Center:

For instructions on how to record cash payments to vendors or for the settlement of accounts payable, review the following topics in the vendors and purchases section of this Learning Center:

Video Tutorial: Bank reconciliation

This video from Sage University demonstrates how to perform a bank reconciliation using Sage 50. Note that this video contains other topics and that the bank reconciliation section occurs between 2:36 and 5:22. This video will beging playing at 2:36. You can view other videos from Sage by visiting their Sage 50 YouTube channel.

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Helpful Hint!

If you are completing the Sage 50 Practice Set, you need to be be aware that the instructions on how to perform certain tasks in Sage 50 in this video may be slightly different than the instructions provided in this Learning Center. Additionally this video may contain information that is not relevant to your practice set. However, you may still find this video useful as an introduction to using Sage 50. If in doubt, always follow the instructions in your practice set and in the helpful hint boxes provided throughout this Learning Center.

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