In This Chapter
If you're the sort of person who likes checking your bank accounts and keeping track of spending on the company credit card, this chapter is for you. In this chapter I show you how to process bank payments and receipts that aren't related to sales invoices or purchase invoices. I look at processing credit card transactions and deal with petty cash – one of the bookkeeping jobs that can be a real pain in the backside if you don't do it properly.
I also show you how you to transfer money between bank accounts – perhaps to take advantage of earning some extra interest (every little helps!). As many businesses often have a lot of banking transactions, I show you ways to speed up the processing by using recurring entries.
Clicking Bank accounts from the Navigation bar shows you the default bank accounts that Sage provides, including the following:
You can add new bank accounts, rename existing accounts, and delete accounts you ...