As financial transactions are created for an obligation, often they are related to a specific liability such as an assessment, which is also a financial transaction (associated with an adjustment or a bill segment). For example, a payment may be made for a specific assessment. Penalties, interest and fees are often levied toward a specific assessment. Associating these subsequent financial transactions with the appropriate assessment FT ensures accurate penalty and interest calculations and accurate views of the balance of each assessment associated with an obligation.
The system provides a means for your implementation to group financial transactions (via the Group FT ID). When creating a financial transaction that should be associated with a given assessment, set the group FT id to the FT Id of the assessment. The following example shows the usage of the Group FT Id field.
The original assessment FT (sometimes referred to as the "header FT") references its own FT id in the Group FT field. This allows system functionality to easily identify the assessment financial transaction.