In Sage X3, payments and receipts of money between banks and business entities such as Business Partners are made under the AP/AR module.
Cash receipts such as retirements are received into the cash accounts – the Petty Cash or the Main Cash Account – and are recorded in the Cash Receipts of the AP/AR Module.
These are steps you can follow, to create Cash Receipts 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 CSREC ZAF Cash Receipts 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. Account
- Enter the account that made payment into the cash account.
6. Description
- Input a description about the transaction.
7. Bank
- Select the cash account – petty or main cash – which received the payment. The currency field will automatically show the currency of the bank.
8. BP Amount
- Enter the amount received.