Posting Bank Transactions to Sage

When reconciling transactions from a bank feed in the Match Banking Transactions window, you are likely to find bank transactions, such as bank fees and interest charges, that do not yet exist in your Sage 100 Contractor system. You must add them to your system before you can complete the reconciliation.

To add a bank transaction to Sage 100 Contractor:

1. In the Match Banking Transactions window, select a transaction from the list of unmatched Transactions from your bank, and then click [Add to Sage].

   The Post Bank Transaction to Sage window opens. The entries in the Sage Bank Account, Posted Date, and Amount boxes are from the bank transaction, and you cannot change them.

2. Enter the remaining information for the transaction as follows:

   1. In the Transaction# box, accept the default transaction number, or type a different one.

   2. In the Payee box, accept the payee from the bank transaction, but you can change it if necessary.

   3. In the Description box, accept the description from the bank transaction, or change it if necessary.

   4. In the Offset Account box, select the revenue or expense account you normally used to record bank charges, interest paid, or interest earned, depending on the type of transaction. Then:

      1. If this account is one you expect to process most bank transactions, select the Set account as default checkbox.

      2. If the account has subaccounts, select the subaccount to which to process the bank transaction.

         If you anticipate using this subaccount frequently when you add bank transactions, select the Set subaccount as default checkbox.

3. Click [Post].

   Sage 100 Contractor adds the transaction to your general ledger, and moves the bank transaction and its matched Sage transaction to the list of matched transactions in the Match Banking Transactions window.