Transaction: Difference between revisions
No edit summary |
No edit summary |
||
| Line 8: | Line 8: | ||
* Related '''[[Document|documents]]''' | * Related '''[[Document|documents]]''' | ||
* '''Reference''' for [[reconciliation]] purposes | * '''Reference''' for [[reconciliation]] purposes | ||
* '''[[Transaction Group|Group]]''' if part of a batch deposit or electronic funds transfer | |||
* One or more '''line items''' | * One or more '''line items''' | ||
Revision as of 17:37, 10 July 2023
A transaction is the basic unit of the accounting functionality of ContactsLaw.
Properties
Transactions have the following properties:
- Date displayed on ledgers
- Code consisting of a unique, sequential number and a suffix indicating the type of transaction
- Related contacts
- Related documents
- Reference for reconciliation purposes
- Group if part of a batch deposit or electronic funds transfer
- One or more line items
Each line item has the following properties:
- Account (and, optionally, ledger) debited
- Account (and, optionally, ledger) credited
- Description or purpose
- Amount
- Sales tax component, if applicable
Note: Some transaction types require all line items to debit/credit the same account (and/or ledger).
Transaction Types
| Suffix | Type | Remarks |
|---|---|---|
| GNR | General Receipt | |
| GNP | General Payment | |
| GNJ | General Journal | |
| GNT | Business-to-Business Transfer | One of a pair of transactions that records a payment from one business to another (by Electronic Funds Transfer). |
| MEJ | Credit Card Merchant Journal | Records a lump-sum deposit from a credit card merchant, optionally including fees. |
| ROJ | End-Of-Year Rollover Journal | |
| DRR | Debtor Receipt | |
| DRJ | Debtor Invoice Journal | Recorded by the system when an invoice is finalised. |
| DRP | Debtor Refund Payment | |
| DRT | Trust-to-Debtors Transfer | One of a pair of transactions that records a payment from a trust bank account to a general bank account (by Electronic Funds Transfer), for the purpose of paying invoices. |
| DRA | Debtor Adjustment | Adjusts the balance of the debtors ledger (for a one or more matters) up/down, optionally adjusting allocations. |
| DRW | Bad Debt Write-Off | |
| CRJ | Creditor Invoice Journal | |
| CRP | Creditor Payment | |
| CRW | Creditor Write-Off | |
| CRA | Creditor Adjustment | Adjusts the balance of the creditors ledger (for one or more contacts) up/down, optionally adjusting allocations. |
| TRR | Trust Receipt | |
| TRP | Trust Payment | |
| TRJ | Trust Journal | |
| TRT | Trust/CMA Transfer | One of a pair of transactions that records a payment from one trust bank account to another (by Electronic Funds Transfer). |
| CMR | Controlled Money Receipt | |
| CMP | Controlled Money Payment |