Back to Financial Transactions Main Page
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Learn to configure the Financial Transactions Business Definitions that determine the overall behaviour of Financial Transactions |
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Table of Contents
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Navigating to Financial Transaction Definitions
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CONFIGURATION > FINANCE APPLICATION > FINANCIAL TRANSACTIONS > SET UP BUSINESS DEFINITIONS |
What are Financial Transactions Definitions?
Financial Transaction Definitions are a set of business rules which are used to control the behaviour of Financial Transactions throughout their Life Cycle.
Financial Transaction Definitions can be edited, deleted and have their Life Cycle State changed provided that validations and restrictions are met.
- Navigate to Financial Transaction Definitions and explore existing records via the Summary page.
- Click on the link (Name or Number) of the record of your interest to enter the Data Entry page and see more detail.
- Use the Actions Menu to create a NEW Definition, modify (EDIT) or DELETE an existing one.
- Use BACK to return to the Summary page and CANCEL to revert any unwanted changes made to the Financial Transactions Definition.
- Click on the Audit Log button to view a log of changes performed on the displayed Financial Transactions Definition.
Check the Validations & Restrictions Table below for a list of available Actions when working with Financial Transactions Definitions including each Action's related validation and restrictions. View the Attributes Table for a comprehensive description of the Financial Transactions Definitions fields.
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| Action | Validations | Restrictions |
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An * indicates a field is mandatory
Name | Description |
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| Number | An auto-generated number that uniquely identifies the Financial Transactions Definitions. |
| Name* | The name of the Definition. |
| Alternative Code* | An alternative unique code for the Definition. Unless otherwise specified, the codes for new Definitions default to the Name's initials in capital letters. |
| Description | A description of the Definition. |
| State | The state of the Definition which can be either 'Active' or 'Inactive'. Only one 'Active' Definition can exist at a time. |
| System Generated Financial Transaction Settings | |
| Default Financial Transaction Types* | Determines the Financial Transaction Types that will be selected automatically (i.e. by default) when a Financial Transaction of each Classification is created. A Financial Transaction Type can be specified for each of the following Classifications:
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| Available Rejection Reasons | |
| Available Rejection Reasons* | Defines the reasons for which Financial Transactions in a 'Draft' state can be rejected. |
| Log Information | |
| Log Information | The standard set of Log Details information available in all entities. |
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