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Peresoft Newsletter

Welcome to the Peresoft newsletter where we bring you all the latest information on Hotfixes, RecXpress and EFTXpress bank formats and any other pertinent information to keep your clients up to date.

Company News

Peresoft is proud to announce the release of Cashbook, RecXpress and EFTXpress for Sage 300 2020

After 3 years of development Peresoft will also be releasing the Beta version of Cashbook, RecXpress and EFTXpress for Sage 300cloud version 2020.

The general availability release will be preceded by a month in beta release to ensure that the final release goes as smoothly and seamlessly as possible.

Peresoft will be running several training courses in the coming weeks to give an in depth look at how our cloud products will fit within the Sage 300cloud environment.

Please keep a look out for the training invitation emails we will be sending, we also look forward to you sharing your opinions and ideas on the new development with us.

Bobby Perel, founder and CEO of Peresoft, says "You have been supporting Peresoft for over 38 years relying on us to provide you with the technology that sets world standards. We can now proudly add a new interface that will prove to be one of Peresoft's best developments ever. Our latest cloud products ensure that your investment in our products will give you many, many more years of smooth operation and solid results."

In accordance with the Sage 300 support policy, Peresoft will only be supporting versions 2020, 2019, and 2018. We will no longer be providing support for version 2017 or earlier versions.

New bank formats added for RecXpress and EFTXpress


Bank Format Country
BAI Cash Management V2 (Reference in 88) Canada
BMO Bank of Montreal (CSV) Canada
Standard Bank - PS2 Angola
Standard Bank Proprietary Stmt South Africa
Wells Fargo Payment Manager CCR United States of America
IFMS - Integrated Financial Management Systems Popular Formats - Global
ATB Bank BAI bank format Canada
View All RecXpress Bank Formats


Bank Format Country
BNP Paribas South Africa
Nedinform Bulk Payments (CSV) Swaziland
Standard Bank Angola Business Online Angola
View All EFTXpress Bank Formats
Product Tips


Requirement: I have entered bank transactions directly from my bank statement into a Cashbook batch and do not want to have to reconcile the entries in the bank reconciliation one by one.

Solution: In the Cashbook Post batches screen select "All" under the "Reconcile Transactions on Posting" section to reconcile all transactions during the batch posting process.

Product Tips


Requirement: I need to assign my own reference number sequences to my bank statement entries I generate to a Cashbook batch.

Solution: Select the "Renumber" button in RecXpress to number the bank statement entries that are selected for batch generation according to the number sequences you set up for each Rule or Category in the Rules Template.

Product Tips


Requirement: To make it easier to reconcile EFT payments I want to control what description appears on my and the beneficiary bank statements for the EFT payments processed by the bank.

Solution: Use the "My Statement Description Setup" and the "Beneficiary Statement Description Setup" in EFTXpress to build your own descriptions of up to 3 segments where you decide which fields, values and segment separators you want in the bank statement transaction description.

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