In Specify ledger options, does the "sequencing by" option control the journal accounting sequence?

Summary:

We don't want document sequencing for Payables and Receivables. However, we need to have accounting sequencing for GL journals. Are the controls for GL and AP/AR sequencing all are under Specify ledger options?

Originally we selected sequencing by ledger without enforcing the sequencing for payables or receivables. While testing for payment, we receive an error about missing document sequencing when trying to format a payment file. Therefore, we want to turn off the sequencing on the Ledger option field. Will this impact the existing GL journal accounting sequencing?

current setup:

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