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This lesson introduces you to the banking features of Sage 50 AccountingCanadian Edition. It will describe the initial setup of bank and cash accounts as

This lesson introduces you to the banking features of Sage 50 AccountingCanadian Edition. It will describe the initial setup of bank and cash accounts as well as some common banking transactions, such as deposits and transfers. The process of reconciling accounts will also be described from the initial setup and pre-requisites to some more advanced bank reconciliation features. Learning Objectives After completing this lesson, you will be able to: A. Create a bank or cash account B. Explain what bank deposits are C. Record deposit slips D. Generate deposit slips reports E. Record transfer of funds F. Explain the purpose of Account Reconciliations G. List the requirements for performing an account reconciliation H. Setup an account for account reconciliation I. Explain what Resolved, Outstanding, Discrepancy, and Unresolved amounts are J. Add prior outstanding transactions for first account reconciliation K. Complete an account reconciliation L Import bank statements M. Generate Account Reconciliation reports N. Reset the bank reconciliation 0. Explain how prior month adjustments affect the account reconciliation

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