A transaction may be entered into IMPACT in three main functions: Manual Entry, EDI Transaction Import, and Processing of Phone Pays. All three methods make use of Transaction Codes as well as Transaction Posting Sequences. These are the elements that will automatically apply a transaction as you have determined, based upon the design of your Transaction Codes and Transaction Posting Sequences.
Let’s walk through an example of Posting a Payment manually and see where the decisions that were made in setting up our Transaction Code 01A (Principal Paid to Company) and our Transaction Posting Sequence USG (User Group) are reflected in the Payment Entry window and subsequently on the account and other tables when the payment is actually ‘posted’ or entered into the database.
The figure below illustrates navigation to Payment Posting:
The Transaction Batch List is then displayed as depicted below: