Click on the ADD button to create a new Transaction Posting Sequence.
The Add New Transaction Posting Seq window appears as indicated in the next image. There are no default values populated:
Example 3: Transaction Posting Sequence - Company
Below is an example of a Transaction Posting Sequence – Company that allocates a payment as follows:
Phone Pay Fees are recovered first, then any Principal amount due. These are followed by: Court Costs due, Attorney Fees due, Misc1 due, and Misc2 due in that order. An Over Payment code is also included.
As we walk through each field, please refer to the Glossary - Transaction Posting Sequence for a detailed written description of each field.
Click on each field that you want to populate on the grid, then click on the drop-down arrow to select the appropriate transaction code. Once the screen is populated as shown above, click on Save to add the Company part of the new Transaction Posting Sequence to IMPACT.
Example 4: Transaction Posting Sequence - Client
Here is an example of a Transaction Posting Sequence – Client that allocates a payment as follows:
Principal amount due, Interest Due, Court Costs due, Attorney Fees due, and Other due in that order. An Over Payment code is also included.
Once the screen is populated, click on SAVE to add the Client part of the New Transaction Posting Sequence.
Back at the Transaction Posting Sequence Maintenance window you should see the following new entries showing: