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Sage X3 – Tips, Tricks and Components

Discover the unmatched potential of Sage X3 with our exclusive blogs. Greytrix is a seasoned Sage expert offering a comprehensive range of Sage X3 services to empower businesses with higher productivity and growth. Here, we share our knowledge and the latest technology trends on Sage X3 through insightful blogs, aiming to enhance your understanding of Sage X3 as an ERP software. Stay updated with our regular posts to leverage the ERP to its full potential.

Use of Multiple Ledger Currency for Transactions in Sage X3

By Greytrix | January 31, 2012
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Sage X3 ERP allows multiple Ledgers in a single Account Core Model. While designing the Account Core Model users are allowed to select nine different types of ledgers and each one of them has the option to assign the different currencies to it.

Every Account Core Model [ACM] has to define main ledger and if needed other ledgers. The currency in the main ledger is considered as the main transaction currency.

Check product: Catch Weight Addon

However, the default transaction currency is picked up from the FOLDER level setting.

Account Core Model Ledgers

As seen in the image above ACM has four ledgers: Main Ledger, Analytical Ledger, IAS Ledger and Internal P & L. Among all these Ledgers the last Ledger “Internal P&L” is reported with “CAD” currency.

Once ACM is defined we need to define accounts for it, as seen in below screenshot we have defined 701000 for the ITA ACM.

This account has an option of assigning other COA’s against the account; below we have assigned 3 other COA’s apart from the main ledger ITA.

Assign COA
Now while creating transaction, if we use the “701000” account, the database will store four values for the transaction i.e. one entry for each ledger among which values for ledger four i.e. AIT is converted in CAD based on exchange rate of the currency defined.

Ledger Transaction

This blog helps us in understanding the methodology for carrying out transactions against the Sage X3 accounts having multiple ledgers.

Category: Sage ERP X3 Tags: account core model, ACM, currency transactions in sage 300, multiple ledger currency
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