The Business Type Event Code (BETC) is an eight character code that indicates the type of activity (such as borrowing, repayment, offsetting collection, receipt , disbursement) that is reported. BETC is used in combination with the Treasury Account Symbol to determine the transaction effect on the fund balance with Treasury.
Navigate to the Define Business Type Event Code window.
The values in this window are applicable across all ledgers. There is no ledger or operating unit restriction on the data entered in this window. Duplicate BETC values are not allowed.
The following table describes selected fields on the Define Business Type Event Code window.
| Field Name | Description |
|---|---|
| BETC | 8 character alpha numeric code. |
| Business Event Type Code Description | 50 characters alpha numeric, |
| Payment Collection | Designates whether the BETC is for a payment or collection. |
| Adjustment | Check box to designate that the BETC is for an adjustment only and should be associated with an originating BETC. |
| Adjustment BETC | The list of values for this field consists of BETCs with the Adjustment check box selected that have not been previously assigned to another BETC.This field is only available for update if the Adjustment check box is not selected. |
| Enabled | Check box to enable the BETC so that it is available throughout the system. |
A population of base BETCs have been seeded. However, BETCs can be added, updated, or disabled as deemed appropriate.