What are bank rules, and how do they work?

  • Use bank rules to help you automatically create transactions in Sage Accountingfrom your bank feed.
  • Bank rules suggest new transactions so you don't have to create them manually.
  • Save time by setting up rules for regular bank payments and receipts.

What are bank rules?

Bank rules help you automatically create transactions imported from bank feed.

When your transactions are imported bank rules are applied, and transactions are created automatically.

Each bank rule has a combination of conditions such as Reference and Amount that are used to recognise the transaction. For example if you pay your gas bill by direct debit each month, the reference and amount will always be the same. Set up a rule to create this transaction automatically.

How do bank rules work?

  • Create a bank rule. Set up the required conditions and specify the type of transaction to create along with the details such as the contact and ledger account.
  • Import your transactions from a bank feed. When an imported transaction matches a rule matches a rule, a suggested transaction is created. If it's OK - just confirm it.
  • Prioritise the order of the rules you’ve created so that they run in the right sequence, as only one rule will be applied to a single transaction. Rules that are very specific, for example, matching on a specific amount, should be set to the highest priority, with more general ones set to a lower priority.
  • When a new rule is created or an existing one is edited or deleted, you can reapply your rules to any pending transactions within the feed.