Creating transaction types

Transaction types are financial industry-defined set of codes that represent different types of transactions that a financial institution can process. They are used on BAI, BAI2, MT942, MT940, CAMT052, and CAMT053 bank statement files on the transaction lines.

  1. Select Application Administration > Financials > Cash > Statement Processing Setup.
  2. In the Transaction panel, click Type.
  3. Click Create.
  4. Specify this information:
    Transaction Type
    Specify a transaction type. Transaction types are three- or four-digit codes that are used to identify the types of reported data.
  5. Click Save.