Instructions for Account Reconciliation with online banking

Before you begin:

1. Set up account 1060 in the Bank\velobank file for online banking
   1. Restore the backup file SageData14\velobank1.CAB (or velobank1) to SageData14\Bank\velobank.SAI (or velobank)
   2. Open the General Ledger record for account 1060
      Reconciliation has been activated for the account.
   3. Click the Reconciliation & Deposits tab and then click Setup.
      Enter the following linked accounts:
      
      

      Income 1	Interest	account  4150
      Adjustment	Adjustment	account  5020
      Expense 1	Bank Charges	account  5020

   
   
   
2. Set up account 1060 for Online Banking

   1. Click the Class Options tab

   2. Enter Niagara Trust as the Branch

   3. Enter 420000648 as the Transit Number

   4. Enter 66293034 as the Account Number

   5. Click Use this account for Online Banking

   6. Close the General Ledger and the Accounts window

   7. Make a backup copy of the file so that you can repeat the downloading process without setting up the account for reconciliation and online banking again.

   
   
   
3. Open the Account Reconciliation Journal
   1. Choose account 1060
   2. Enter 52744 as the opening balance
   3. Enter 64031.56 as the ending balance
   4. Enter May 1 and May 31 as the reconciliation dates (accept all default dates)
   5. Choose Add Prior Outstanding
   6. Choose Yes when asked to save
   7. Choose OK to return to reconciliation transactions screen