Contra Payments/Receipts for Business Partners who are both Customers and Suppliers

By | July 21, 2012

This is a useful set up for Inter-Company transactions. In order for it to work correctly set up a unique collection that is for both suppliers and customer postings.

Set up a new Payment Attribute

Note that the Accounting sign is set as Payment Sign and that the “Posted” field is left blank. This allows flexibility in the entry transaction.

Set up a new Payment Entry Transaction

The important part of this is the “sign” which is set as Unspecified. This allows us to choose at the time of posting whether the net result is a payment or a receipt.

Create a new Payment/Receipt

During the creation of the transaction, you will have to choose whether this is a receipt or a payment (revenue or expense).
The left list will allow you to see both purchase and sales invoices and will match them just as normal
Creation and Posting are then just as a normal transaction. You can go through the Journal created for the payment.

About Us
Greytrix – a globally recognized Premier Sage Gold Development Partner is a one-stop solution provider for Sage ERP and Sage CRM needs. Being recognized 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 expertise.

Greytrix caters to a wide range of Sage Enterprise Management (Sage X3) offerings – a Sage Business Cloud Solution. Our unique GUMU™ integrations include Sage Enterprise Management (Sage X3) for Sage and Magento eCommerce along with Implementation and Technical Support worldwide for Sage Enterprise Management (Sage X3). Currently we are Sage Enterprise Management Implementation Partner in East Africa, Middles East, Australia, Asia. 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 for Sage Enterprise Management to Sage business partners, end users and Sage PSG worldwide.

Greytrix is a recognized Sage Rockstar ISV Partner for GUMU™ Sage Enterprise Management – Sage CRM integration also listed on Sage Marketplace; GUMU™ integration for Sage Enterprise Management – Salesforce is a 5-star app listed on Salesforce AppExchange.

For more information on Sage X3 Integration and Services, please contact us at We will be glad to assist you.