About Transaction Codes Setup

For flexible, customized configuration and efficient management reporting and administration, transaction codes are grouped into transaction groups and transaction subgroups. Each transaction you process must be assigned a valid transaction code. A transaction code is a classification or very brief description of the purpose of the transaction. Transaction codes are used by the OPERA system to sort various transactions, such as those involving allocations, income, different types of expenses, equipment purchases, etc.

Transaction Codes must be defined so that when the folio is checked out all charges are cleared to this code.  All folio details can then be viewed by transaction codes, the date of the transaction, description, ticket number and amount. You can also choose to display any corrected or transferred transactions.

Configurable Transaction Codes Setup features include:

Transaction Codes Groups - Group transaction subgroups and transaction codes together on a more detailed level.

Transaction Codes Subgroups - Transaction subgroups provide more detail for the transaction codes for reporting purposes.

Transaction Codes - Used to post charges to AR invoices and OPERA uses certain transaction codes for internal posting.

Articles Setup - Used to define individual items, or articles, that can be posted using one transaction code.

Transaction codes, transaction code groups, and transaction code subgroups support generates. generates are "add-ons" such as service charges or taxes that are incurred with certain kinds of transactions. See Generates for details.