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

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

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

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

About Us

Greytrix – a globally
recognized Premier Sage Gold Development Partner is a one-stop solution
provider for Sage ERP and Sage CRM needs. Being recognized and rewarded for
multi-man years of experience, we bring complete end-to-end assistance for your
technical consultations, product customizations, data migration, system
integrations, third-party add-on development and implementation expertise.

Greytrix caters to a wide range
of Sage X3 (Sage Enterprise Management) offerings – a Sage Business Cloud
Solution. Our unique GUMU™ integrations include Sage X3 for Sage and Magento eCommerce along with
Implementation and Technical Support worldwide for Sage X3 (Sage Enterprise Management). Currently
we are Sage X3
Implementation Partner
in East Africa, Middles East, Australia,
Asia. We also offer best-in-class Sage X3 customization and development services, integrated applications
such as POS | WMS | Payment Gateway | Shipping System | Business Intelligence | eCommerce and have developed
add-ons such as Catch – Weight  and Letter of Credit for Sage X3 to Sage
business partners, end users and Sage PSG worldwide.

Greytrix is a recognized Sage Rockstar ISV Partner for GUMU™ Sage X3 – Sage
CRM integration also listed on Sage Marketplace; GUMU™ integration for
Sage X3 – Salesforce is a 5-star app listed on Salesforce AppExchange.

For more information on Sage X3 Integration and
Services, please contact us at [email protected]. We will be glad to assist you.