Transaction Posting Seq Code: Populate with a code to identify this particular Transaction Posting Sequence. This will appear on the drop downs on the Company Master and Client Master as detailed in Lesson 104. These codes may be 3 alphanumeric characters.
Company/Client: Select Company if this Transaction Posting Sequence will handle transactions paid to the Company. Select Client if it is to handle transactions paid to the Client.
Transaction Posting SOD: A Transaction Posting Sequence SOD has the ability to control what transaction code is used, the order the codes are applied, and the percentage of the payment that is allocated to each money bucket on a real-time basis as the payment is being entered. This topic will be covered in a later class.
Transaction Posting Seq Desc: This description appears on the drop downs in the Client set up screen when selecting the Transaction Posting Sequence Code. CSS recommends creating a description that would be meaningful to the selection of the appropriate code at the Client level. I.e. if you are creating a Transaction Posting Sequence to be used for a specific client, the description could be the client’s name.
Transaction Posting Sequence:
Over Payment: Select a Transaction that has been defined to function as an overpayment code for Company or Client, whichever is applicable.