Sage 50 Accounting records the money that goes in and out of your company. Normally this money is deposited into and withdrawn from your bank accounts. Every time you pay an invoice, receive a payment from a customer, or pay your employees, you withdraw money from or deposit it into your bank accounts. Because bank accounts are the site of so much activity, it is important to maintain good account records.
Sage 50 Accounting helps you maintain good records by allowing you to:
- Record your daily bank deposits
- Store your bank account information in your account record
- Use online banking and import online bank statements for account reconciliation
- Perform account reconciliations to ensure that your records match the bank's
- Record funds transferred from one bank account to another, and to or from credit card and line of credit accounts