Chapter 20 – Bank Manager Working with Bank Manager
• 351
The Summary Section
If you process your bank transactions exclusively via the Bank Manager add-on module, there is no need to do a bank reconciliation. This is because each transaction in Sage Evolution Standard’s bank account comes from the bank itself. However, there is still the possibility that you did not download all the transactions, you did not bring all the downloaded transactions into Sage Evolution Standard, or you duplicated transactions. You can check this in the Statement Summary section.
If the bank statement balance is the same as the calculated balance, you have accounted for all the transactions.
Moving Transactions from Bank Manager add-on module into Sage Evolution Standard
Once you have completed the preparations of the transactions, you then have to move them into the cashbook batch.
To move transactions into the cashbook
1. You cannot perform this operation unless all transactions have accounts, and period and dates are within the current financial year.
2. Select the Statement Payments or Statement Receipts tab.
3. Click on the Create Batch Button.
4. The system transfers the payments or receipts and confirms the transfer.
You have to create the payments and receipts batches separately. Once you transfer both, Bank Manager closes automatically. If you are only transferring one of these, click the Close button to close Bank
Manager.