In sage X3, under Payment entry type we can define characteristics and the methods for different payment transactions. We can also control the sign of payment to be Revenue, expense or we can keep it as unspecified and differentiate that value based on our payment entry.
Path: All>Setup>A/P-A/R accounting>Payment entry type
Also in payment attribute, under accounting sign we can specify the posting sense of the payment lines entered.
Below are the three options available in accounting sign
Path: All>Setup>A/P-A/R accounting>Payment
Payment sign: will depend on the payment Sign (Expenditure or Revenue)
The amounts entered for this payment attribute are considered as being Expense or revenues based on the payment entry sign.
Revenue: Irrespective of the payment sign, will be considered as a revenue
The amounts entered for this payment attribute will always be considered as Revenue, irrespective of the payment sense
Expense: Irrespective of the payment sign, will be considered as an expense
The amounts entered for this payment attribute will always be considered as Expense, irrespective of the payment sense.
Hope this blog helps in posting your payment effectively without unbalanced error message!
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