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Walter Schummer

Match Bank Transaction

SUGGESTED
Posted By

This feature is useless.  It's supposed to help with productivity but it constantly fails and then has to be reset with all bank rules put in again.  Where is the efficiency in that.  I've tried to download banking transactions for days and it says that SAGE is up to date and there is nothing to download (well I've got news for you.... there are many items to download since two weeks ago).  This feature simply does not work.  I'll go back to the system we developed in-house a while back where we download data from our bank into a spreadsheet which automatically creates journal entries which we upload.  At least then when something goes wrong I know who to talk to and I will get an answer.

  • 0

    I am sorry that this feature doesn't work for you properly.  I've been using it for years and it works wonderfully.  I use it with Bank of Montreal.  Now, banks do have intervals for consistent downloading.  Our main BMO account, I can download daily and even more but our USD account only downloads once a month about a week after month-end.

    Hope this helps.

  • 0 in reply to Linda W

    Linda, What report are using in BMO to get the data? Are you directly connected to bank?

  • 0 in reply to Agriculture Accountant
    SUGGESTED

    Yes, connected to bank through internet and Sage feature Settings/Company/Bank Transactions.  I do have to verify through the bank's connect software with account # and password to account.  I have found it reasonably stable for months at a time at which time I just delete connection and re-start the connection process.  Maybe 1-2 times a year.  The data downloaded in this manner then gets matched or not in Match Bank Transactions module.  Please watch - journal dates are important in matching, a deposit won't be matched unless you use the deposit slip function.  There are little tricks that will be learned but it certainly assists in Account Reconciliation as the matched entries show up in there.  Feel free to ask more questions!

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