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Posting a Deposit in Summary vs Detail in Sage Enterprise Management

 

How to post a deposit in Summary vs Detail format in Sage ERP Enterprise Management

To assist with bank reconciliations the user can have the option to post a manual remittance deposit in either summary or detail format.

These settings can be defined on the Payment Entry Type.

Posting payments/receipts in detail:

  1. Go to Setup > A/P-A/R accounting > Payment Entry Type
  2. Select the Payment entry type. (In this example RECCH)
  3. On the Steps tab click the ‘Payment grouping’ drop-down and select “Payment”.
  4. Save and validate.

Sage EM Bank Posting

➥ More How To Posts for Sage EM (Sage X3)

Create the remittance and post in detail:

  1. Go to A/P-A/R accounting > Remittances > Manual Remittance Entry
  2. Create and post the deposit.Sage EM Remittance Entry

**Note that the Log Reading shows that one GL journal entry is created for each payment.

Sage EM Log Reading

Posting payments/receipts in summary:

  1. Go back to the Payment Entry Type.
  2. On the Steps tab change ‘Payment Grouping’ field to “Deposit slip / Paying bank”.
  3. Save and validate.

Sage EM Posting Payments

Create the remittance and post in summary:

  1. Go to A/P-A/R accounting > Remittances > Manual Remittance Entry
  2. Create and post the deposit.

Sage EM Remittance Entry

**Note that the Log Reading shows that only one GL journal entry is created for the deposit.

Sage EM Log Reading GL Journal

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