Getting Started > Working with Bank Accounts > Adding a Bank Account

Adding a Bank Account

Sage 50 tracks bank accounts and balances just as it tracks accounts in your general ledger chart of accounts. So, to set up a bank account, you simply create or modify a general ledger account, usually in the Cash area of the general ledger chart of accounts. To add a new account

Select Chart of Accounts from the Maintain menu. Sage 50 displays the Maintain Chart of Accounts window.
Enter an account ID..

The account ID determines how the account is identified and sorted in the chart of accounts list. Most charts of accounts are set up with specific account types grouped together.
Enter a Description for the bank.
Select an account type from the drop-down list.
Select Save.

What do you want to do next?

Enter G/L beginning balances
Enter prior-period adjustments
Delete an account from the chart of accounts
Perform other Sage 50 General Ledger procedures
Read the banking overview