Accounts > Banking > Setting Up an Account for Online Banking

Use an Account for Online Banking

Before setting up accounts to import online bank statements, make sure that your bank offers statements in OFX (Open Financial Exchange) format, the file format used by Sage 50 Accounting.

To set up an account for online banking:

From the Home window, select Accounts, and then open the bank or credit card account record you want to set up for online banking.
On the Class Options tab, select Use this Account for Online Banking.
Enter the bank or credit card account information.

Note: Some banks require you to enter a unique identifier instead of the bank's transit number in the Transit Number box in the bank's account record. If you do this, you may want to include the transit (routing) number at the beginning of the Account Number box. Contact your bank for more information.

If you enter your bank's web site address and your password, you will not have to perform this step each time you import an online statement.