Sage ERP X3 in Finance

Sage ERP X3 provides companies with complete financial, personal, cost and budget accounting, commitments and fixed assets management. A multi-audit system, Sage ERP X3 can handle transfers and reporting of information from one country to another, and between subsidiaries and parent company. It combines decentralized and international company management, handles multiple currencies and integrates multiple legislations, accounting rules and standards.

Sage ERP X3 main features include:

Financial accounting Receivables and creditor accounting Payment transactions (or payment management) Cost accounting Investment accounting Controlling Consolidation

Particularities relating to different legislations are integrated as early as the product design stage: predefined accounting systems, with payment entries involving up to four accounting steps; user definition of bank files, open-ended and adapted to national format; management of fiscal and excise taxes and associated returns (hardcopy or magnetic format according to legislation); fee and sales returns; closing of financial periods in successive stages or simplified form; and more.

Local particularities are centralized and packaged to provide a single solution irrespective of working language or country. Functional comprehension and maintenance of these environments are simplified.

Sage ERP X3 offers multicurrency processing features that provide the ability to calculate transaction amounts, produce reports, and restate values in different currencies. Special processing allows applicable European currencies to be tied to the Euro to simplify exchange rate maintenance. Amounts can be expressed in the currency of the company, the business partner, or a user-defined reporting currency. Sage ERP X3 maintains all currencies and exchange rates in a single table and provides immediate conversion to alternate values on demand within any business transaction.

Invoices and payments can be accepted and issued in varying currencies. Sage ERP X3 provides full accounting of exchange rate variances and automatically posts them to the appropriate general ledger (GL) gain or loss accounts.

Sage ERP X3 Finance consists of three major functional domains: General Ledger, Accounts Receivable/Accounts Payable, and Fixed Assets.

FD Systems, Sage Business Partner of the Year, would be more than happy to discuss how you can benefit from Sage ERP X3.

Please call 0870 873 4387 or email marketing@fdsystems.co.uk for more information.