Bank Services centralizes payments and receipts for all Sage 300 accounting programs. It maintains bank information, tracks payments and receipts, reverses payments, returns NSF items, performs reconciliations with bank statements, and creates General Ledger batches for information from bank statements and miscellaneous monthly transactions.You must activate Bank Services and enter bank information before you can set up your subledgers.
Fully integrated with other Sage 300 modules, Bank Services:
- Receives check information from Sage 300 Accounts Payable and Payroll.
- Receives deposit information from Sage 300 Accounts Receivable.
- Sends information about General Ledger transactions that arise in Bank Services to Sage 300 General Ledger.
If you use other programs that produce check or deposit information, you can import this information into Bank Services.
Depending on your purchase agreement, some features described here may not be available in your product.