About Bank Services Integration with General Ledger

If you use Sage 300 General Ledger, Bank Services acts as a subledger, just like Accounts Payable and other subledgers.

The General Ledger bank account is a control account, just like your Accounts Payable or Accounts Receivable control account.

You make all entries that affect the bank control account in Bank Services, not in General Ledger. For example, you enter transactions such as transfers between accounts and monthly service charges directly in Bank Services.

Bank Services creates journal entry batches for the general ledger to account for transactions that originate in Bank Services. If you use Sage 300 General Ledger, these batches of bank transactions are created in General Ledger, where you can edit and post them. You have several options to determine how General Ledger retrieves the batches, as described in Bank G/L Integration Screen.

If you do not use Sage 300 General Ledger, or your Sage 300 General Ledger system is at another location, Bank Services creates batches you can print or import into another program, then enter manually into your general ledger.

Note: If you do not use Sage 300 General Ledger, Bank Services does not verify general ledger account numbers.