Sage ERP X3 supports commitment accounting with budget comparisons against pre-committed and committed amounts from Purchasing.īudget control allows users to check the balance between expenses and commitments in order to make sure that forecasted expenses will not exceed the budget. Dimensions can support any number of groupings of up to 99 levels to permit access to varying levels of account information with drill down for a cumulative to a detailed view.īudgets can be defined based on dimension views, at various grouping levels, in the company currency or multiple currencies, in financial and quantity form, and with an unlimited number of revisions. Dimension views can be defined to be analyzed from a specific standpoint, such as sales by channel or by product line. Dimensions can be both financial- and quantity-based. Sage ERP X3 supports user-defined analytic dimensions for budgeting, allocations, and analysis. Managing intercompany customer and supplier invoices within Sage ERP X3 increases productivity for users by creating a single document that automatically generates the necessary journal entries and recording the financial transaction for both companies. Intercompany customer and supplier invoices and intercompany GL journal entry functions are valuable to any organization that shares resources between legal entities. User-defined allocation structures and formulas can also be defined and processed automatically, with multipass capability. ![]() Accruals can be defined to reverse automatically on a predefined date. Recurring journals can be fixed by period or variable with the ability to allocate an amount according to monthly weighted distributions. Simulated journals can be active or inactive, allowing for different levels of “what-if” scenarios. Entries can be saved in a temporary state prior to final posting. Sage ERP X3 supports manual, simulated, template, recurring, and reversing journal entries. ![]() Accounts can also be defined as “collectives,” permitting customer and supplier sub-ledger information to be fully integrated within the GL. Account numbers can be expressed in fixed or variable lengths and can be identified by a short mnemonic. ![]() A special period can be used for year-end postings. Sage ERP X3 General Ledger supports multiple companies and sites and allows an unlimited number of fiscal calendars to be defined with up to 24 open periods per calendar. The ability to parameterize and apply flexible rules allow the generation of multiple GL entries, helping to avoid restatements and double entries. Each model consists of up to ten sharable ledgers, each one associating one currency, one sharable chart of accounts, and up to ten user defined analytical sharable dimensions. Sage ERP X3 associates a company to an “accounting model,” which can be used by several companies.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |