What does this section cover?
What is Wallet Balance Calculation?
A Wallet is an account which holds an amount of money that is used to fund transactions. Even though a wallet is within an accounts receivable the transactions and balance of the accounts receivable does not necessarily match the wallet transactions and wallet balance. Wallets have their own Wallet and Wallet Allotment balances.
Both amounts are calculated dynamically based on the wallet transactions and wallet transaction allotments accordingly
How is Wallet Balance calculated?
The wallet balance is calculated based on the formula described below:
Formula for balance calculation
credit WT amounts + voided debit WT amounts + voided reimburse WT amounts - ( debit WT amounts + reimburse WT amounts + voided credit WT amounts)
WT = Wallet Transaction
How is Wallet Allotment Balance calculated?
The wallet allotment balance is calculated for each product included in a wallet transaction allotment, based on the formula described below:
Formula for allotment balance calculation
credit WTA amounts + voided debit WTA amounts + voided reimburse WTA amounts - ( debit WTA amounts + reimburse WTAamounts + voided credit WTA amounts)
WTA = Wallet Transaction Allotment (related with a specific product)
Related Areas
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Creating Wallets - R5&R6 — Learn how to manually or automatically create a Wallet used in Prepaid Subscriptions
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Modifying Wallets - R5&R6 — Navigate to Wallet and learn how to update and cancel an existing Wallet.
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Creating Wallet Transactions - R5&R6 — Learn how Wallet Transactions can be created
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Creating Automatic Wallet Transactions - R5&R6 — Learn how to Automatic (created by the system with no user intervention) Wallet Transactions are created
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Creating Manual Wallet Transactions - R5&R6 — Learn how to create Wallet Transactions manually
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Configuring Wallet Definitions - R5&R6 — Learn how you can configure Wallet Definitions.
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Configuring Wallet Transaction Types - R5&R6 — Learn how you can configure Wallet Transaction Types.
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Viewing Wallets - R5&R6 — Navigate to Wallets and view existing Wallets.
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Modifying Wallet Transactions - R5&R6 — Navigate to Wallet Transaction and learn how to Void a Wallet Transaction
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Viewing Wallet Transactions - R5&R6 — Navigate to Wallet Transactions and view existing Wallet Transactions
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Working with Wallet Transaction Allotments - R5&R6 — Find out what are Wallet Transaction Allotments and how they work in CRM.COM.
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Calculating Wallet Estimated Consumption - R5&R6 — Find out how consumption related values are being calculated.
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Calculating Wallet Balance - R5&R6 — Find out how wallet balance and wallet allotment balance is calculated.
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