Transaction

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
• 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