How to handle un-applied payments in Sage X3

Business

On a regular basis, our customer’s bank account gets replenished with wire transfers from their customers, which have no references to invoices. Accounting practices and bank reconciliation call for entering the payments steps below as soon as they are received.

STEP 1: Enter the wire transfer in the Payment/Receipt entry

Navigate to All -> A/P-A/R Accounting->Payment/Receipt entry

Fig1.1: Navigation to Payment Receipt Entry

This function is used to:

  • Enter a payment and associate it with an invoice/order,
  • To view all the entered payments, by payment transaction,
  • To Generate a journal by payment entered, or to know the grouping/posting stages that remain to be carried out,
  • To view all the payment journals already generated with respect to this payment.

Select RECWT Transaction

Fig 1.2 Payment Transaction Selection

It is important to note that it is only possible to enter one payment at a time: The payment can include several payment attributes (cash collection, payment differences, discounts, charges, etc.) and be allocated to several open items.

STEP 2: Wire Transfers Receipts

Fig 2.1 Wire Transfer Receipts

Select Attribute PPRNT – Prepayment Receipts

Select type: CSDIR -Customer Direct Invoice

Step 3: Open Item

An open item is a group of data related to the operation that it represents: the original document number, the document due date, its payment method, the currency, the amount, etc.

The managing open items makes it possible to facilitate the tracking operations recorded for a BP (via the Purchasing, Sales, A/P-A/R accounting or accounting modules) under a document type set up according to this function.

After these operations are completely processed by payment (provisional or final) or posted as “In bank” (matched entries), it is no longer possible to manage the items, except for the possibility to place an item on a statement or to associate a dispute code with it.

The items partially processed in payment remain modifiable.

Use this function is used to:

  • View all the open items related to a company, a site, a BP, etc. (according to the definition level in the selection).
  • Modify these open items at several levels:
  • The due date
  • The payment method for this open item
  • A split the open item amount over N distinct open items
  • Specify a possible dispute
  • The reminder management (activate or deactivate)
  • The “Payment approval” level
  • The pay-by or pay-to BP
  • The early discount/late charge code
  • Provisional Payment
  • Payment Total

Open Item of Invoice before Transaction

Fig 3.1 Open item of Invoice before wire transfer receipt

Open Item of Invoice after Transaction

Fig 3.1 Open item of Invoice after wire transfer receipt

This blog helps us to understand how to handle un-applied payments and understanding of open items on invoices.

About Us

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 CRMSalesforce.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.

Leave a Reply