Payable Clearing Archives - Sage 300 ERP – Tips, Tricks and Components

Sage 300 ERP – Inventory Account Set

Inventory account sets are groups of general ledger accounts to which, you post Inventory Control transactions. You can either use just one account set for all your inventory items, or you can have multiple account sets as per your need. For example, you may wish to use separate account sets for items assembled in different… Read More »

How to Audit a Payable Clearing Account

Sage 300 ERP supports the concept of Payable clearing account which has credit effect at the time of PO receipt and has Debit effect at the time of PO invoice. Below mentioned table will give you clear idea. If we go with the financial effect mentioned in the above table it implies that our Payable… Read More »