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Delete bank transactions

Created on  | Last modified on 

Summary

How to delete bank transactions entered or imported in error in Sage Accounting.

Description

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

You can't:

Resolution

How this works

When deleting a bank transaction, we remove the transaction from your bank account in Sage Accounting. This also updates the bank balance.


Delete a bank transaction

  1. From Banking, select the relevant bank account.
  2. Scroll down to the Activity tab.
  3. Amend the date range of the transactions if needed and click Search.
  4. Select the check box to the left of the transactions you want to delete. A toolbar now appears above the list.
    Showing the trash can icon on toolbar in the program.
  5. From the toolbar, select the DeleteTrash can icon UI element. icon.
  6. Confirm by selecting Continue - delete this transaction.

Cleared transactions

All transactions imported from a bank feed or statement receive a cleared check mark. This shows that the transaction is from your bank, and your bank balance reflects it.

Reconciled transactions

When you delete a reconciled transaction, it appears on your bank reconciliation with a Removed from reconciliation status. This shows in the Corrected Transaction column, to tell you it's now deleted.

The Starting Balance of your next bank reconciliation changes by the amount of the deleted transaction. The Starting Balance is always the total value of all reconciled transactions up to the statement date.

Sage doesn't update the Reconciled Balance.

▼ Follow an example

  1. The closing balance from your last statement was £200.
    Shows closing balance on the last bank reconciliation.
  2. You enter a payment for £100, and reconcile it. The reconciled balance is now £300.
    The payment now shows, increasing the closing balance by £100.
  3. After finishing the bank reconciliation, you realise that you entered the payment twice.
  4. You go to the bank activity and delete the duplicate transaction. Your bank balance is now £200.
  5. When you check the finished reconciliation, the deleted £100 shows a Removed from reconciliation status. The closing balance remains as £300.
    Reviewing the finished reconciliation shows £100 removed from reconciliation.
  6. When you start your next bank reconciliation, the Starting Balance is £200 and matches your bank statement.
    Starting the next bank reconciliation shows the starting balance as £200, matching the bank statement.
  7. Continue to reconcile as usual.

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