Bank feeds in Sage One. Fast. Effortless. Simple.
Automatic bank feeds are available in all Sage One accounting software.
Bank feeds allow you to link your online bank account directly to Sage One so your banking transactions are automatically imported into your accounts.
- Free for all Sage One users
- Reduces manual data entry by up to 80%
- Streamlines your bank reconciliation
- Allows you to view and compare your bank information in real-time
- Increases the accuracy of your accounts
What are bank feeds?
Bank feeds are a quick and easy way to record your transactions and reconcile your bank all in one go. After you link your bank to Sage One, your banking transactions will automatically be imported into your accounts. You will only have to assign your customer/supplier accounts, nominal codes and VAT codes and you’re good to go.
The more transactions you import, the easier it becomes to use. The software will begin to recognise similar transactions and will pre-empt and prepopulate those details, so bookkeeping will become a validation rather than a data entry process.
Benefits of bank feeds
The great news is that bank feeds will be free for Sage One Cashbook and Sage One Accounting subscribers. It is a great low-cost alternative to paying somebody to enter the data or to doing it yourself.
Eliminate manual entry
As bank feeds can import and intuitively classify your transactions, you can reduce the time you spend manually entering data by up to 80%. This can leave you and your employees free to concentrate on running your business.
You can easily improve the accuracy of your accounts with bank feeds. As much of the details of your transactions will automatically be imported from your bank, there is less opportunity for mistakes. This will dramatically reduce human error.
Real-time bank information
Bank feeds will give you a real-time snapshot of the cash position in the bank and the balances in Sage One, allowing you to see the difference immediately.
This means that you will have the most up-to-date information to help you make important business decisions.
Streamline your bank reconciliation
Bank feeds revolutionise the reconciliation process. As the feeds will update daily, you are effectively reconciling your bank accounts every single day, while reducing your data entry in one hit. This gives much more confidence that your accounts are in order at month end.
Learn more about the bank reconciliation feature and the other tools available in Sage One to speed up the process of reconciling your banking data.
Let your Accountant manage your books
If you want your accountant to manage your books for you, they would also be able to import transactions through bank feeds on your behalf. This means your accountant will spend less time manually entering data and reconciling accounts, saving them time and you money.