Payables Transaction Types
Payables Transaction Type determine how an AP transaction will be processed in the system .
Generally business has multiple requirements to process payables - invoicing , credit memos , expense reports and prepayments.
Transaction types are linked with the transaction class. The following transaction classes are supported in Foundry Bean Global Work System Payables :
Invoice
Credit Memo
Expense Report
PrePayment
You can define as many transaction types as relevant to your system.
Entering Transaction Types
To see the existing Transaction Types defined in the system , click “Transaction Types”.
Click “Edit” to update the existing transaction type
Click save to save the transaction type.
To Create a new transaction type , click “New Transaction Type”.
Enter Transaction Type name, transaction class, transaction Prefix if you enable “Auto Number” .Transaction prefix is the invoice number is autoNumber is enabled .
