Understanding the Different Types of Bank Accounts

Clicking Bank shows you the default bank accounts that Sage provides, which include:

Bank accounts: Current, Deposit and Building Society accounts, for example.

Cash accounts: For example, Petty Cash account.

Credit card accounts: These include a Credit Card Receipts account for those of you who receive customer payments via credit card.

You can, of course, add new bank accounts, rename existing accounts or delete accounts you don’t think you need – refer to Chapter 3 to find out how.

In the following sections, I show the account number or range of account numbers Sage assigns to each account. These account numbers are the same as the nominal code for that bank account.