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Posting a Deposit in Summary vs Detail in Sage X3

 

How to post a deposit in Summary vs Detail format in Sage ERP X3

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 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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Tagged With: Sage X3
LeeAnn Segan

Written by LeeAnn Segan

LeeAnn Segan is an ERP Support Specialist with RKL eSolutions LLP. She supports Sage 500 ERP and Sage X3. LeeAnn specializes in the financial and distribution modules. Her background includes managing distribution and warehousing for ecommerce based companies. When not working, LeeAnn enjoys working out, volunteering with groups that support special needs, and spending time at the beach with family and friends.

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