How to do a Bank Reconciliation on Sage

The bank reconciliation allows the bookkeeper or accountant to record any missed transactions and clear any errors. In layman terms, the reconciliation ensures that what has been accounted for is the same as what has actually happened in the business, it brings (or reconciles) the company accounts with the companies bank or other statements. It is crucial that bank reconciliations are completed often to ensure that accounts are up to date and that nothing is missed.

The Bookkeeping Master has created a series on how to do a bank reconciliation on Sage Instant and Sage 50 Accounts. You can watch the videos below or watch the videos on our Accounting YouTube Channel.

Sage Bank Reconciliation - Introduction

In the first video of the series, I introduce bank reconciliations and explain that I will be using demo data along with an excel created bank statement. You will learn how to access the bank reconciliation screen and how to input the necessary data to start your bank reconciliation.

Sage Bank Reconciliation - Allocating & Recording Payments & Receipts

In the following videos I continue to match transactions already recorded on Sage, I then start recording transactions appearing on the bank statement but not showing on Sage. This includes posting bank payments and receipts and supplier and customer payments.

Sage Bank Reconciliation - Finishing the Reconciliation

Well done for getting this far! To end the tutorial I finish reconciling the remaining bank statements. If you have any questions about what has been covered, please make a donation and email me

  • Facebook Social Icon
  • Twitter Social Icon
  • YouTube Social  Icon
  • Instagram Social Icon



The information on this site cannot be relied on as accurate and up to date. We strongly advise you seek the advice of accounting and tax professionals before making any accounting related decisions.

Visit SM Accounting Ltd

This site contains free bookkeeping and accounting courses and is ideal for anyone looking to learn finance, bookkeeping or accounting. This site contains information on double-entry bookkeeping, basic accounting, credit control, business planning, etc. 

* We do not offer refunds on any digital products purchased on this site.