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ZUwaiz

Payment to Expense

SOLVED
Posted By

Hi Guys , 

Could somebody please enlighten me on how Payment to Expense is handled on Sage X3 ? Whats the recommended practice here ?

Thanks Guys !!

Parents
  • 0
    It sounds like the financial impact you are looking for is DR Expense / CR Payables.

    If so, you can use AP/AR Accounting / Invoices / BP Supplier Invoice.

    Then when you go to do your check run it will get picked up with all your normal payables.

    Hope that helps.
  • 0 in reply to RegularGuy
    Thanks man ,

    So in BP Supplier invoice , do we need to create a misc supplier with a control account ?

    Appreciate if you could give me some extended details on this .

    Thanks and Regard :)
  • 0 in reply to ZUwaiz
    verified answer

    A misc supplier would help to book such invoices. However if you want to book expenses directly from Payment entry(without a supplier), try the following:

    1. In payment screen remove supplier and specify expense account(ensure address is specified in Account master).
    2. Then select appropriate attribute on line -(Bank to BP).

    Once you post you would get following result:

    Dr. Expense
    Cr. Cash

    p.s. It is important that you have right attribute on the line.

Reply
  • 0 in reply to ZUwaiz
    verified answer

    A misc supplier would help to book such invoices. However if you want to book expenses directly from Payment entry(without a supplier), try the following:

    1. In payment screen remove supplier and specify expense account(ensure address is specified in Account master).
    2. Then select appropriate attribute on line -(Bank to BP).

    Once you post you would get following result:

    Dr. Expense
    Cr. Cash

    p.s. It is important that you have right attribute on the line.

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