Column

Description

In Use

A check mark indicates that the transaction code is enabled and associated with existing transactions.

Code

The name of the Transaction Code. The Code name is displayed when working with charge schedules, transactions, batch transactions, and tasks.

Description

The description of the Transaction Code.

Transaction Type

The Transaction Type depends on the type of account being configured. The following options are available:

•     Regular account: Select either Charge, Credit Memo, Transfer In (REG), or Transfer Out (REG).

•     Deposit account: Select either Transfer In (DEP) or Transfer Out (DEP).

•     Payment account: Select either Payment, Debit Memo, Transfer In, or Transfer Out.

Asset Types

If using charge schedules, Transaction Codes must be linked to Asset Types.

Default Amount

The default amount for a transaction created manually or via the Add Financial Transactions batch function or task.

Default Term

The default term associated with the transaction.

Reverse Code

Select the code to use when processing a void for a transaction that uses this transaction code. A reverse code is required for any transaction code where transactions will be voided. The reverse code must already be defined as a separate transaction code before it can be selected.

Payment Code

Select the default “transfer in” transaction code to use when processing a payment on a Charge transaction type. Before selecting the transaction code to use as the Payment Code, it must first be defined as a separate “transfer in” transaction code.

For Regular and Deposit “transfer in” transactions, the Payment Code represents a payment code in a Payment account. ResCenter uses the Payment Code to automatically generate an interest payment transaction to be transferred into a deposit account.

Reset Code

The code that categorizes a reset transaction, used primarily for the Reset Patron FT Balance batch function or task.

Active

A check indicates the Transaction Code is enabled and available for use.

Default Transfer

A check indicates the Transaction Code is a default “transfer in” or “transfer out” Transaction Code for the account. These codes are automatically selected when moving money between accounts—such as applying payments to charges, for example.

Option

Description

       

Click the First Page, Previous Page, Next Page, or Last Page arrows to navigate the pages of the grid.

 Add

Click  Add to add a transaction code.

 Edit

Click  Edit next to a transaction code to make changes to the transaction code.

 Delete

Click  Delete next to a transaction code to delete the transaction code.