Sage 100 and Sage 500 ERP – Tips, Tricks and Components
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How to change Sales clearing GL account while process invoice ledger posting in Sage MAS 500

By greysagemas | November 22, 2016
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Basically, Sales clearing account is one kind of temporary account that (user/company) will be using for records their transaction on a temporary basis until it’s post them to your permanent account.

MAS 500 have the option to set the Sale clearing account whenever company need to change this account in a timely manner so the general ledger is as accurate and reliable at all times. It’s also affecting to your income and expense items in general ledger.

New Stuff:  Set background color in Sage 500 2016

This may be as simple account entry as transferring cash to your clearing account until they verified and deposited in the bank.

Here is the option in MAS 500 to set Sales clearing account:

  • GOTO the Set Up SO Options
  • Select the General ledger tab
  • Select the Sales Clearing option >> click the Lookup button to list all accounts
  • Select the Sales Clearing account.

Just to test the General ledger posting for selected Sales clearing account in Account receivable module:

  • Goto the Account receivable -> Activities -> Process invoices
  • Select the shipment invoice for posting.

  • Select the Sales order shipment for invoice posting

Move transaction into batch

  • Click to Register/post option :

Invoice register

  • Check the invoice register report while process invoice general ledger posting:

Account receivable

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Category: General Ledger GL Posting Tags: GL account, invoice ledger posting, Sage 500 ERP, Sales clearing
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