Page History

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• Financial Account (NOTE: This is completed by default when you create a financial account)
• Roles
• Transactions
• Authorisations

Transactions

This screen allows you to add transactions to the financial account. During the creation process you would either leave the transactions blank as nothing has yet been processed on the account or if it is being used as a statement (eg bank or customer) then you may want to bring in an opening balance. An example of how to bring in an opening balance is shown below:

1. Navigate to the the Financial Account Transactions sub menu 
2. Select 'Adjustment' in the Fin Account Trans Type Id field
3. Leave the 'Party Id' field blank
4. Fill in the 'Transaction Date' field (NOTE TO CHECK: Does it need to be the same date or later than the opening date of the Financial Account???)
5. Fill in the 'Entry Date' field (NOTE TO CHECK: Need to check exactly what this is - is it the date the transaction is entered or is it the date the transaction is processed???)
6. Fill in the 'Amount' field with the transaction amount (Eg. In our case this is the opening balance such as 353.88 - dont think we need the $ sign)
7. Leave the 'Payment Id' field blank
8. Leave the 'Order Id' field blank
9. Leave the 'Order Item Seq Id' field blank
10. Leave the 'Reason Enum Id' field blank (NOTE TO CHECK: This could be useful in identifying transactions to a greater level of detail....)
11. Fill in the 'Comments' field (Eg: Opening Balance from XYZ Statement)
12. Press the 'Add' button and the transaction will be displayed at the bottom of the screen

NOTE: When you now view the Financial Account detail the 'Actual Balance' and 'Available Balance' fields will show the entered opening balance (eg 353.88)

Authorisations

An authorisation is a temporary transaction showing a committment to take money from a financial account. It is like a 'transaction in progress' where there can be delay between when you buy something and the time it actually appears on your statement. (NOTE:This could be very useful in ensuring that customers are not overcommitted and keeping within their approved credit limits.)

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