Bank feeds - Frequently asked questions
To help you with bank feeds queries, we’ve put together a list of common questions and answers.
To check if your bank or credit card account is compatible with the bank feeds service, see our list of supported banks.
We recommend that you confirm with your online banking service provider whether using the service compromises its terms and conditions of use.
Your online banking service credentials are held by Yodlee, a third party company. Your details aren’t stored by Sage.
Yodlee are certified as a Payment Cards Industry (PCI) Level 1 Service Provider . For more information about data security, please visit www.yodlee.com
This is an extra level of security many banks require when you log in to your online banking service. You’re requested to enter further security details, for example, a security code, PIN or passcode, when using bank feeds and downloading transactions.
Once your client connects their Sage bank account to their online banking service, you can import transactions on your client’s behalf.
If your client’s online banking service uses multi-factor authentication, they must enter the requested security details each time before transactions are retrieved and downloaded.
Some websites or web pages don’t work as expected unless you accept cookies. For example, you may not be able to log in to a website, even though you’re using your correct details.
To avoid problems linking to your online banking service, you should check your settings allow cookies from other websites, including Sage.
If you decide you no longer want to use bank feeds, you can disconnect your service.
If you move to a different bank and open a new bank account, you must turn off the bank feed for your old account and set up a new one.
You must also be set up for online banking with your new bank and know your online banking credentials.
If you're the owner of the Accounting service you can restrict access to the bank within User Settings for the selected user.
You can check from our bank feed status page. We update this daily to confirm the status of bank feeds from different providers.
To help you to resolve common bank feed errors, you can check common error codes for further information and troubleshooting tips.
If you’ve downloaded a receipt or payment using bank feeds and it has multiple VAT rates, you can use the split transaction option and choose the different VAT rates.
If you’ve linked to your online bank account, but find you need to enter information before the earliest date your bank feed allows, you need to disconnect your bank feed, then import your bank statement.
Once you’ve imported your bank statements up-to-date, you can then reconnect your bank account and import your transactions via the live bank feed.
Once you disconnect your bank feed, any transactions that are currently available to download don’t reappear when you connect back to the same bank feed.
To find the nominal code you need to allocate your transaction to, start typing the name of the nominal account. This narrows down the list and you can choose the relevant code.
When you download your bank feeds, if the transaction already exists, you’re prompted to match it. You can only match transactions from 14 days prior to the date of the transaction and up to 7 days in advance. If the transaction you entered doesn’t fall into this date range, it doesn’t appear.
You can search for the missing transaction by contact, reference, invoice number or amount. To do this, simply enter the information you want to search for in the Type to search box.
To process a refund from an imported transaction, you must ‘match’ it to the credit note that it’s ‘paying’.
Select Match and then select the credit note from the list.
If you haven’t created the credit note yet, select New Transaction to add it now.
The credit note must be for the same value as the refund.