Solution Properties
Solution ID:
200427112302317
Last Modified Date:
Mon Feb 05 08:41:58 UTC 2024
Taxonomy Path:
Case category//How do I...//setting up
Author:
[email protected]
Settings - Bank Defaults
Description

You can control how information displays within the bank area using the Bank Defaults settings. You can also change how some of the bank options work to suit your preferences. Let's take a look.

Cause
Resolution
Updating your Bank Defaults
  1. On the menu bar click Settings then click Bank Defaults.
  2. Make the required changes. For more details, see the General, Cash register settings and Direct bank feeds settings sections below.
  3. Click OK.

 NOTE: Some options below are only available in Sage 50 Accounts v30 and above. Not using v30 yet? Update now >  

General
Enable e-BankingSelect this check box to activate e-Banking. This displays the E-payments and E-reconcile options within Bank accounts.
Group items in Bank Rec.This option affects how transactions appear in the Reconcile window. When selected, consecutive transactions of the same type are combined as one item if the reference and the date are the same.
List Invoice/Credit by item line 

Select this check box to display each individual item transaction when viewing invoices in the Customer Receipt and Supplier Payment windows.
Create Bank Reconciliation PDFSelect this check box to generate a PDF report when you reconcile your bank account.

The PDF report is attached to the memo tab of the bank account record for you to view at any time. Each report takes the statement reference entered during reconciliation as its title. 

Depending on the number of transactions to be reconciled, the PDF report may take a little while to generate. If you don’t want a PDF report, clear this check box.
No Warning on Visa receiptsIf you enter a receipt on a company credit card account that's not a credit card receipts account, a warning appears to advise you that the account you've selected is for payments only. 

Select this check box to turn this warning off.
Group Bank TransactionsThis option affects whether transactions are grouped or not and how they therefore appear in the bank activity.

Select this check box to group consecutive bank payments and bank receipts which have the same reference and date. When set, this option doesn't group transactions previously posted when the setting was not set.
Always Create RemittanceNot available in Sage 50 Accounts Essentials

If you want to create a remittance advice note each time you save a supplier payment, select this check box.

If you don't want to create a remittance advice note for every supplier payment, clear this check box.
Always create batch e-paymentsv28.1 and above


If you want batch supplier payments, to suppliers who use BACS/SEPA, to be created as e-payments, select this check box.

Payment defaults

 NOTE: This is only available in v30 and above.

Std Tax Code

Choose a standard tax code to be used on payments by default.

Def. N/CSpecify a default nominal code for use on payments.
DepartmentChoose which department is used by default for bank payments.
Receipt defaults

 NOTE: This is only available in v30 and above.

Std Tax Code

Choose a standard tax code to be used on receipts by default.

Def. N/CSpecify a default nominal code for use on receipts.
DepartmentChoose which department is used by default for bank receipts.


Cash register settings
Bank A/C

Choose a default cash register bank account. By default, this is 1235. If this account has already been selected for another use, then 1236 is selected by default.

 NOTE: If your selected cash register bank account code already has transactions posted to it, then the Bank A/C drop-down is not available.

Sale nominalChoose a default sales nominal code for your cash register. By default, this is 4000.
Tax codeChoose the default tax code to apply to all cash register sales that you enter in the Bank > Cash Register window.
DiscrepanciesChoose a default nominal code for any discrepancies. This nominal code is used to account for any discrepancy found between the cash register total and the money total recorded or banked. By default, this is 8206.
Takings are VAT inclusiveIf your cash register takings are all VAT inclusive, select this check box.
 [BCB:99:Limitless - 50 Accounts - Bank:ECB]
Steps to duplicate
Related Solutions