Example 2: Transaction Code 01A - Advanced Controls
Here is an example of a transaction that allocates a payment as described:
Basic Controls same as Example 1.
This transaction has no hold on its remittance. A Desk does receive credit for it on a Transaction Summary Report and on Commission Statistics. A Salesperson also receives credit for it on a Transaction Summary Report and on Commission Statistics. This transaction is also included on Actuary reports. The transaction reflects a status of PAR on the Client Statement and that status is applied to the debtor account when the transaction is posted. This transaction code is set up to use auto NSF Code 13A and Posting Correction Code 01C.
As we walk through each Advanced Control Field, please refer to the Glossary – Transaction Code Field Definitions located in this lesson for a written description of each possible value.
Once all fields are populated as indicated above, click on SAVE to save this new transaction code to the Transaction code Table.