Using transaction types

You enter transactions based on transaction types. The transaction types are grouped by transaction category.

Transaction types control the following:

  • Whether the ledger history and the dimension history must be updated when you enter a transaction ( Real Time Processing) or when you finalize the batch ( Batch Processing).
  • How to generate document numbers.
  • Whether document numbers must succeed each other.
  • Which sessions are used for entering transactions.

You can define transaction types in the Transaction Types (tfgld0511m000) session. The History Update Mode field defines when LN must update the general ledger history. The Transaction Category field defines the category to which the transaction type belongs.

The document numbers of transactions are kept together by transaction type. A document number can be used only once in combination with one transaction type. Within a transaction type and a document number you can enter transaction lines. In this way you can see that, for example, a ledger transaction and an open invoice are related.

To define which sessions are used to create a transaction, use the Main Session field and the Next Session field in the Transaction Types (tfgld0511m000) session. Financials is supplied with a session for every type of transaction. However, you can copy an existing standard session to another session (in Tools), adjust its design and link your customized session to the transaction type.

Transaction entry defaults

After you define transaction types in the Transaction Types (tfgld0511m000) session, start the Transaction Entry Defaults (tfgld0131m000) session to define the financial companies and transaction types for which the selected user can enter transactions. You can also define a default batch description.

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