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Definition: What is it?

A transaction is an entry that is shown on the financial account.  Transactions can be one of the following types:

• Deposits
• Withdrawals
• Adjustments 

What is it used for?

Transactions are used to show entries and the financial history of the financial account. Similar to a bank account or credit card statement the transaction will show details of what was spent or paid into the account.

What's on the screen?

TO DO Image Added
 

How do I add transactions to a financial account?

This Financial Account Transactions sub menu screen allows you to add transactions to the financial account. During the financial account 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.

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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)

Other ways to add transactions to a financial account?

• By selecting financial account as a payment method for a customer
• By selecting financial account as a refund method for a customer 
• Manually entering a transaction via webtools menu (not sure if this is a good way.....???)

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