In Sage X3, payments and receipts of money between banks and business entities such as Business Partners are made under the AP/AR Accounting module.
When the movement of money occurs within your business: From bank to bank or from bank to cash account, these transactions are recorded in the Bank Transfer of the AP/AR Module.
These are steps you can follow, to create Bank Transfers in Sage X3.
1. Under the AP/AR Accounting module, find the Payments sub-module, and click Payment/Receipt Entry
2. A pop-up with transaction types will show up, select the BBKTRF ZAF Bank Transfer option
3. Click the plus button on the right panel to create a new transaction
- The following input fields are required for Bank Receipts transactions:
4. Site
- Enter the site making this transaction
5. BP
- This transaction does not involve a Business Partner therefore, the BP field should be left empty.
6. Account
- Select the bank which received the money transfer.
7. Description
- Input a description that appropriately describes this transaction.
8. Bank
- Select the bank from which the money transfer is made. The currency field will automatically show the currency of the paying bank.
9. BP Amount
- Enter the amount transferred.