Sage e-Banking
Sage e-Banking helps you connect Sage Instant Accounts, Sage 50
Accounts, Line 100, MMS, and Sage 50 Payroll software to your
bank's Internet or PC banking software, removing the need to
manually re-enter information into their banking and accounts or
payroll software
Typically, a Sage e-Banking module will help you to download
statements from their Internet or PC banking software directly into
your Sage accounts software for reconciliation. It will also pass
payment details electronically - for example, in BACS format to
your bank.
What's the difference between Internet
banking and PC banking?
The majority of banks offer a range of electronic banking
solutions that can be divided into two groups: Internet banking and
PC banking.
- Internet banking
Internet banking is aimed at providing information
for personal bank accounts, sole traders or Small Office Home
Office (SOHO) businesses with limited electronic banking
needs.
Typically, you access your personal bank
account details on your bank's Internet banking website. The
features available normally allow you to:
- View your bank balance and statement
- Make pre-defined bill payments
- Initiate bank transfers
- Download statement information
The service is secured through user name and
password, and all activity between your browser and the bank's web
servers is encrypted.
For business customers, most of the major
banks in the UK provide PC software. When installed on your PC,
this software enables you to dial (via a modem) directly to the
bank's private and secure network to access your own bank account
details.
Most of these applications allow you to:
- Make single or batched payment instructions
- Set-up and modify direct debit instructions
- Make international payments
- Undertake bank transfers as appropriate
They also allow you to download balance and
statement information for reconciliation purposes.
How does the Sage e-Banking plug-in
work?
Sage creates a plug-in software module that acts as 'middleware'
between your Sage software and the bank's software. This
plug-in:
- Converts information between the software into a format that
both can understand
- Interfaces directly with your Sage software
- Interfaces directly with the relevant bank's Internet or PC
banking software
Want to find out more?
For further information and to take advantage of the benefits
Sage e-Banking has to offer you and your business, call us free on
0800 33 66 33.