Bank Services and General Ledger

If you use Sage 300 ERP General Ledger, Bank Services acts as a subledger, much the way Accounts Payable or any other subledger does.

The General Ledger bank account is a control account, just like your Accounts Payable or Accounts Receivable control account.

You make all entries that affect the bank control account in Bank Services, not in General Ledger. For example, you enter transactions such as transfers between accounts and monthly service charges directly in Bank Services.

The Bank Services program creates journal entry batches for the general ledger, to account for transactions that originate in Bank Services. If you use Sage 300 ERP General Ledger, these batches of bank transactions are created right in General Ledger, where you can edit and post them. You have several options to determine how General Ledger retrieves the batches, as described in Bank G/L Integration.

If you do not use Sage 300 ERP General Ledger, or your Sage 300 ERP General Ledger system is at another location, the Bank Services program creates batches you can import into another program, or print, then enter manually into your general ledger.

Note that if you do not use Sage 300 ERP General Ledger, the Bank Services program does not verify general ledger account numbers.