Overview of Sage Banking

Re con c i l e S t a t emen t s

This is where you will clear the Sage activity that has cleared the bank account. 1. Bank Code – Each bank should have its own bank code 2. Bank description will auto populate once bank code is selected. • CMA##### - Cash Management Account • DEP##### - Depository Account/Legacy • DP2##### - Depository Account/Legacy • GMM##### - General Manager Account • OPR##### - Operating account 3. Reconciliation Description: you fill this out with your own description. Sample: Month, YYYY CMA reconciliation 4. Statement date: Bank Statement Date/Bank Balance Date 5. Statement Balance: Bank Balance 6. Reconciliation Date: Date the recon is being completed for 7. Out of Balance: you have not entered/cleared the bank activity that has occurred 4

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