Bank feed match

Question

I'm trying to see if there is a way to manually match multiple Sage amout to 1 bank amout

Alwyn · Answer

I do a similar thing with vendor payments. All payments are made through a clearing account thus reflecting the payment in each vendor's account. Then I make a single General Journal entry for the total amount of the EFT (or similar) payment from the bank. this is a debit to the clearing account and a credit to the bank account. thus getting a single entry in Sage in a similar fashion as the single entry on the bank statement. I do have a minor problem when there are more than one group of payments on the same day as I would have two or three withdrawals in Sage when the bank may or may not group them together in one withdrawal from the bank account. This is relatively easy to resolve as they are on the same date in Sage and adding two or three numbers is easier than figuring all of the vendor amounts which make up the total withdrawals. 
 Hope this helps

Sage 50 Canada

Bank feed match

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