How to process bank payments in Sage Accounting

Welcome to this tutorial on processing bank payments in Sage Accounting. Processing in this context means to allocate and classify bank payments after the bank statements have been imported to Sage. The video follows on from the previous video dealing with customer receipts. This video on bank payments completes both sides of a business’ bank account entries. To sign up for the sage business cloud accounting 30-day FREE trial: https://accounting.sageone.co.za/Sign... Chapters: 0:00 Introduction. 2:10 List of content. 3:37 Why do businesses record bank payments? 4:44 How to navigate to Banking (cashbooks) from the Sage Workspace. 5:11 How to navigate to Banking (cashbooks) from anywhere else in Sage Accounting. 5:35 Getting an overview of bank transactions. 6:56 Sage’s banking page layout and column headings as processing guide. 10:15 The function of action subheadings on a transaction line. 12:15 Processing a supplier payment. 13:39 Setting up a bank statement mapping rule for automatic allocations. 17:24 Sorting bank transactions to organise and fast-track your tasks. 17:54 Allocate a supplier payment to an invoice - Matching. 18:08 Processing payments to expense general ledger accounts, 21:28 How to create a general ledger account. 22:38 How to find an account from the List of Accounts. 23:33 Processing a payment to a finance lease (HP). 25:51 Steps for processing a supplier payment. 26:58 Process a Value Added Tax (VAT) payment. 27:25 Process a payment to a shareholder’s loan account. 27:43 How to open an additional bank account (cashbook). 29:08 Processing an inter-bank account transfer. 29:47 Fast-track 1 for bulk processing of supplier payments. 33:12 How to move all your transactions from the New to the -Reviewed Transactions screen. 34:38 Overview of the completed bank payments in the Reviewed Transactions screen. 35:12 Fast-track 2 for bulk processing of supplier payments. 36:35 How to do a manual transaction split. 37:59 Testing Sage Accounting’s split transaction feature. 40:09 How to search for specific transactions by date range in Sage’s banking system. The blog accompanying this video: https://thefunaccountant.com/process-...