How To Record Bank Payments

1. From the Sage Line 50 toolbar, click Bank. 2. From the Bank Accounts toolbar, click Payment. The Bank Payments window appears. 3. For each payment, enter the following details one line at a time. Bank, Date, Ref, N/C, Dept, Details, Net, Tc (i.e. VAT Code), Tax 4. If you calculated the batch totals manually before you started entering them in Sage Line 50, check your totals against those shown on the Bank Payments window. These are: Net Total, Tax Total, Batch Total Other boxes displayed on the Bank Payments window show the following information: Bank, N/C, Tax Rate 5. To accept your entries, click Save. The details are ‘posted’ to update the nominal ledger and the bank account. If you do not want to save this batch, click Discard to clear the data and start again. The Discard button does not cancel any batch entries you have already saved. 6. To exit the Bank Payments window, click Close.