Posting a Deposit in Summary vs Detail in Sage X3

How to post a deposit in Summary vs Detail format in Sage ERP X3

To assist with bank reconciliations the user can have the option to post a manual remittance deposit in either summary or detail format.

These settings can be defined on the Payment Entry Type.

Posting payments/receipts in detail:

1. Go to Setup > A/P-A/R accounting > Payment Entry Type
2. Select the Payment entry type. (In this example RECCH)
3. On the Steps tab click the ‘Payment grouping’ drop-down and select “Payment”.
4. Save and validate.

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Create the remittance and post in detail:

1. Go to A/P-A/R accounting > Remittances > Manual Remittance Entry
2. Create and post the deposit.

**Note that the Log Reading shows that one GL journal entry is created for each payment.

Posting payments/receipts in summary:

1. Go back to the Payment Entry Type.
2. On the Steps tab change ‘Payment Grouping’ field to “Deposit slip / Paying bank”.
3. Save and validate.

Create the remittance and post in summary:

1. Go to A/P-A/R accounting > Remittances > Manual Remittance Entry
2. Create and post the deposit.

**Note that the Log Reading shows that only one GL journal entry is created for the deposit.