Sage X3 ERP | Financial Overview

Financial Overview
Sage X3 ERP Finance covers financial, personal, cost and budget accounting, commitments, and fixed assets.  It can also handle transfers and reporting of information from one country to another, and between subsidiaries and their headquarters.  Sage Enterprise Management combines decentralized and international company management.


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 X3 ERP offers multi-currency 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 Enterprise 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 Enterprise Management provides full accounting of exchange rate variances and automatically posts them to the appropriate general ledger (GL) gain or loss accounts.


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