SAGE 50 - BANK FEED, CREDIT CARD FEED, STRIPE FEED

For those who have Stripe account bank feeding into Sage50 - would you recommend it or is it more trouble than its worth and best entering manually?

Likewise for the bank feed and credit card fee? Client currently entering all manually and it works well but I think there are efficiencies to be had from bank feeds. 

Is it recommended and any practical pitfalls to be aware of? (Currently all our bank feeds are Sage Business Cloud and not Sage50)

Thanks 

  • 0

    The biggest pitfall, in my opinion, is that the feeds need to be invoked manually, in each linked account reconciliation screen. There is no auto refresh using the native bank feed feature. I can't speak to if their web transactions sync service or third-party services fix that problem.

    The other big failure for the native feed is that it will download transactions, and you can match them to existing transactions or create new GJE from them. However, if you were to delete or modify the linked transaction, it doesn't show you that bank-feed transaction--it's downloaded only once, and there is so separate log that it ever happened, and can't be retrieved again by bank log or in an audit log.

    Not dealbreakers, but sort of "user beware."

  • 0 in reply to Westly Mandoske

    Many thanks for this input, it's much appreciated.