Creating transaction types

Transaction types are BAI or MT940 codes from the bank statement.

  1. Access Treasury Administrator > Cash Setup > Cash Transaction Setup > Transaction Types.
  2. From the Actions menu, select Create.

    Use the following guidelines to enter field values:

    Transaction Type

    BAI codes from the bank statement

    Description

    Description of the transaction type

    Debit Credit Indicator

    • Debit: a negative amount (payables)

    • Credit: a positive amount (receivables)

      Note: 

      The Debit Credit Indicator on the bank statement line will be set depending on the sign (- / +) of the amount that is entered.

    Level

    • Status: posting status in GL

    • Summary: posting summary in GL

    • Detail: posting detail in GL

    Group

    Name of group

    Active

    Indicates if the record is active or not

  3. Click Save.