Transaction Groups tree nodes

This table describes each node in the Transaction Groups tree. The nodes that are displayed depend on the types of billing transactions that your agency performs.

Node Description
Transaction Groups (root node) Contains nodes for the transaction groups that your agency uses.
Deposit Node for a group of deposit-related transaction types. Transaction groups help you organize related transaction types. The transaction types in this group involve the process of depositing funds into billing accounts. This node contains these six nodes: Adjustment, Apply, Charge, Refund, Payment, and Payment Adjustment.
Interest Node for a group transaction types that deal with deposit interest. Transaction groups help you organize related transaction types. The transaction types in this group involve the processes of calculating and tracking interest earned by a customer’s deposit, such as $200.00 that a water utility charges a customer who has a low credit rating. This node contains these four nodes: Adjustment, Apply, Credit, and Refund.
Account Node for a group of account-related transaction types. Transaction groups help you organize related transaction types. The transaction types in this group involve funds at the account level, such as adjusting accounts or transferring funds between two accounts. This node contains these eight nodes: Adjustment, Apply, Drop Balance, Refund, Round, Payment, Payment Adjustment, and Transfer.
Budget Billing Settle Node for a group of transactions related to budget billing. Transaction groups help you organize related transaction types. The transaction types in this group involve the Budget Billing toolin Infor Public Sector Billing. This node contains an Apply node and a Credit node.
Discount Node for a group of discount-related transaction types. Transaction groups help you organize related transaction types. The transaction types in this group involve the processes of calculating and tracking discounts. Discounts are credits that Infor Public Sector can apply against a principal charge, such as a senior discount for customers over 65 or a reward for paying a bill early. This node contains these three nodes: Apply, Credit, and Drop Balance.
Overpay Node for a group of overpay-related transaction types. Transaction groups help you organize related transaction types. The transaction types in this group involve overpayments, such as refunding a customer or crediting an account with an overpayment amount. This node contains these six nodes: Adjustment, Apply, Credit, Drop Balance, Refund, and Payment Adjustment.
Payment Resolution Node for a group of transaction types that deal with payment resolutions. Transaction groups help you organize related transaction types. The transaction type in this group involves the process of resolving payments that can’t be matched to any existing utility account. This node contains a Resolution node.
Penalty Node for a group of penalty-related transaction types. Transaction groups help you organize related transaction types. The transaction types in this group involve penalties applied to delinquent charges. This node contains these six nodes: Adjustment, Charge, Drop Balance, Refund, Payment, and Payment Adjustment.
Penalty Interest Node for a group of transaction types that deal with penalty interest charges. Transaction groups help you organize related transaction types. The transaction types in this group involve the processes of calculating and tracking interest charged for delinquent amounts. This node contains these five nodes: Adjustment, Charge, Drop Balance, Payment, and Payment Adjustment.
Principal Node for a group of principal-related transaction types. Transaction groups help you organize related transaction types. The transaction types in this group involve principal line item charges, such as water usage, garbage service, or one-off charges. This node contains these seven nodes: Adjustment, Apply, Charge, Credit, Drop Balance, Payment, and Payment Adjustment.
Surcharge Node for a group of surcharge-related transaction types. Transaction groups help you organize related transaction types. The transaction types in this group involve the process of tracking surcharges applied to line items, such as a six percent tax applied to a water usage charge. This node contains these four nodes: Adjustment, Charge, Drop Balance, and Payment.
Adjustment Node for the budget numbers that funds are transferred to and from during adjustment transactions on billing accounts. An adjustment transaction adds or subtracts the amount owed by an account. The particular charge being adjusted varies according to the transaction group in which this node is displayed. For example, under Principal it is a change in the principal amount owed on a line item, whereas under Penalty it is a change in the penalty amount owed. When you click the node, the transaction type's credit and debit budget number fields on the right. These fields store the names of formulas that calculate which budget number to use.
Apply Node for the budget numbers that funds are transferred to and from during apply transactions on billing accounts. An apply transaction adds a credit to a receivable, such as a line item for garbage service or a service charge for installing a meter. The particular charge the payment is applied to varies according to the transaction group in which this node is displayed. For example, under Account the credit may be applied directly to the overall account balance, whereas under Principal it might be applied directly to the principle charge of a particular line item. When you click the node, the transaction type’s credit and debit budget number fields on the right. These fields store the names of formulas that calculate which budget number to use.
Drop Balance Node for the budget numbers that funds are transferred to and from during drop balance transactions on billing accounts. A drop balance transaction is used to write off a negligible discrepancy. For example, if a customer’s payment is short by only 13 cents, you might want to drop the 13-cent discrepancy instead of trying to collect it. When you click the node, the transaction type’s credit and debit budget number fields on the right.
Refund Node for the budget numbers that funds are transferred to and from during refund transactions on billing accounts. A refund transaction returns money to a customer. When you click the node, the transaction type’s credit and debit budget number fields on the right. These fields store the names of formulas that calculate which budget number to use.
Round Node for the budget numbers that funds are transferred to and from during round transactions on billing accounts. A round transaction rounds an amount up or down. For example, in a region like Australia that has taken 1-cent coins out of circulation, you can round off charges to the nearest 5 cents for clients who pay cash. When you click the node, the transaction type’s credit and debit budget number fields on the right. These fields store the names of formulas that calculate which budget number to use.
Payment Node for the budget numbers that funds are transferred to and from during payment transactions on billing accounts. A payment transaction applies a payment to any kind of charge, such as a line item for water service, a penalty, or a service charge. When you click the node, the transaction type’s credit and debit budget number fields on the right. These fields store the names of formulas that calculate which budget number to use.
Payment Adjustment Node for the budget numbers that funds are transferred to and from during payment adjustment transactions on billing accounts. A payment adjustment transaction corrects a mistaken payment amount. For example, if a customer gives a clerk $20.00 and the clerk accidentally enters $30.00, you can create a payment adjustment to change the recorded payment amount by –$10.00. When you click the node, the transaction type’s credit and debit budget number fields on the right. These fields store the names of formulas that calculate which budget number to use.
Transfer Node for the budget numbers that funds are transferred to and from during transfer transactions on billing accounts. A transfer transaction moves funds from one account to another. For example, if a customer moves to a different location and for some reason you can’t use the same account, you can transfer any charges and credits from the old account to the new one. When you click the node, the transaction type’s credit and debit budget number fields on the right. These fields store the names of formulas that calculate which budget number to use.
Resolution Node for the budget numbers that funds are transferred to and from during resolution transactions on billing accounts. A resolution transaction resolves unmatched payments. For example, a water utility receives a $100.00 check from a mortgage company but can’t find any account matching the customer who wrote the check. If you decide to return the check to the mortgage company, Infor Public Sector logs this as a resolution transaction. When you click the node, the transaction type’s credit and debit budget number fields on the right. These fields store the names of formulas that calculate which budget number to use.
Credit Node for the budget numbers that funds are transferred to and from during credit transactions on billing accounts. A credit transaction reduces money owed by a customer. For example, if a customer overpays, Infor Public Sector automatically creates a credit transaction to add the overpaid amount to the customer’s account balance. When you click the node, the transaction type’s credit and debit budget number fields on the right. These fields store the names of formulas that calculate which budget number to use.
Charge Node for the budget numbers that funds are transferred to and from during charge transactions on billing accounts. A charge transaction records an amount owed by a customer, such as a line item for water usage, a service charge, and so on. When you click the node, the transaction type’s credit and debit budget number fields on the right. These fields store the names of formulas that calculate which budget number to use.