Sage X3 – Tips, Tricks and Components
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Use of Multiple Ledger Currency for Transactions in Sage X3

By greysagex3 | 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.

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Greytrix – a globally recognized and one of the oldest Sage Development Partner is a one-stop solution provider for Sage ERP and Sage CRM organizational needs. Being acknowledged and rewarded for multi-man years of experience, we bring complete end-to-end assistance for your technical consultations, product customizations, data migration, system integrations, third-party add-on development and implementation competence.

Greytrix caters to a wide range of Sage X3, a Sage Business Cloud Solution, offerings. Our unique GUMU™ integrations include Sage X3 for Sage CRM, Salesforce.com, Dynamics 365 CRM and Magento eCommerce along with Implementation and Technical Support worldwide for Sage X3. Currently we are Sage X3 Implementation Partner in East Africa, Middle East, Australia, Asia, US, UK. We also offer best-in-class Sage X3 customization and development services, integrated applications such as POS | WMS | Payment Gateway | Shipping System | Business Intelligence | eCommerce and have developed add-ons such as Catch – Weight  and Letter of Credit and India Legislation for Sage X3 to Sage business partners, end users and Sage PSG worldwide.

Greytrix is a recognized Sage champion ISV Partner for GUMU™ Sage X3 – Sage CRM integration also listed on Sage Marketplace; GUMU™ integration for Sage X3 – Salesforce is a 5-star rated app listed on Salesforce AppExchange and GUMU™ integration for Dynamics 365 CRM – Sage ERP listed on Microsoft AppSource.

For more information on Sage X3 Integration and Services, please contact us at x3@greytrix.com, We will like to hear from you.

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