How to control payment sign (Expenditure or Revenue)

In sage X3, under Payment entry type we can
define characteristics and the methods for different payment transactions. We
can also control the sign of payment to be Revenue, expense or we can keep it
as unspecified and differentiate that value based on our payment entry.

Path: All>Setup>A/P-A/R accounting>Payment entry type

Payment entry Type

Also in payment attribute, under accounting
sign we can specify the posting sense of the payment lines entered.

Below are the three options available in accounting sign

Payment Attribute

Path: All>Setup>A/P-A/R
accounting>Payment

Payment sign: will depend on the payment Sign
(Expenditure or Revenue)

The amounts entered for this payment
attribute are considered as being Expense or revenues based on the payment
entry sign.

Revenue: Irrespective of the payment sign,
will be considered as a revenue

The amounts entered for this payment
attribute will always be considered as Revenue, irrespective of the payment
sense

Expense: Irrespective of the payment sign,
will be considered as an expense

The amounts entered for this payment
attribute will always be considered as Expense, irrespective of the payment
sense.

Hope this blog helps in posting your
payment effectively without unbalanced error message!

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