A Bank Transfer occurs when money moves between two bank accounts.
A Bank Deposit occurs when you pay cash into your bank account. In Sage Accounting, use a bank deposit to move money from a cash account to a bank account. For example, you can pay cash from your till into your bank account.
NOTE:
Once you've reconciled a bank transfer or bank deposit, you can't edit or delete it. To correct it, you must reverse the transaction.
Cause
Resolution
Reversing a bank transfer or cash deposit updates the balance on both accounts. You can then create the correct transaction if necessary.
Reverse a bank transfer or bank deposit
To reverse a bank transfer or deposit, create the opposite transaction.
Go to Banking, select New, then select Bank Transfer.
In Paid from Account, select the account that originally received the money.
In Paid into Account, select the account that originally sent the money:
For a bank transfer, select the original source bank account
For a bank deposit, select the original cash account
Enter the same Amount as the original transactions.
Set the Date to match the date of the original transaction.
Enter a Description and, if required, a Reference.
Select Save.
You can now create the correct bank transfer or deposit if necessary.