Delete bank transactions

The process will vary depending on the type of transaction and its status.

You can't:

• Delete reconciled bank transfers or deposits. Read how to reverse the bank transfer or deposit to clear the value from the bank account
• Delete payments and receipts with VAT included on a VAT return and submitted to HMRC. Read how to correct transactions included on a VAT return

How this works

When deleting a bank transaction, we remove the transaction from your bank account and update the bank balance.

Cleared transactions

We add a cleared check mark to all transactions imported from a bank feed or bank statement.

This tells you that the transaction in Sage Accounting is on your bank statement and reflected in your bank balance.

When you delete a cleared transaction, we show you a message to remind you to check your bank statement. This is because when you reconcile your bank account, the transaction may be different from what's on your bank statement.

Reconciled transactions

When you delete a reconciled transaction:

• We show it on your bank reconciliation with a Removed from reconciliation status in the Corrected Transaction column, to tell you it's now deleted
• We adjust the Starting Balance of your next bank reconciliation, by the amount of the deleted transaction. This is because the Starting Balance is always the total value of all reconciled transactions, up to the statement date
• We do not update the Reconciled Balance

Follow an example

• Unallocate transactions
• Customer refunds
• Supplier refunds