As described in Payment Details, every payment segment has a sibling financial transaction. The financial transaction defines the payment segment's affect on current and payoff amounts due. The system populates these two fields as per the Financial Transaction Algorithm defined on the payment segment's payment segment type.
For more information, refer to Payment - Current Balance versus Payoff Balance and Setting Up Payment Segment Types.
As described in Adjustment Details, every adjustment has a sibling financial transaction. The financial transaction defines the adjustment's affect on current and payoff amounts due. The system populates these two fields as per the Financial Transaction Algorithm defined on the adjustment's adjustment type.
For more information, refer to Adjustments - Current Balance versus Payoff Balance and Setting Up Adjustment Types.
The following information applies only to Classic Bills. As described in Classic Bill Details, every bill segment has a sibling financial transaction. The financial transaction defines the bill segment's affect on current and payoff amounts due. The system populates these two fields as per the Financial Transaction Algorithm defined on the bill segment's bill segment type.
For more information, refer to Billing - Current Balance versus Payoff Balance and Defining Bill Segment Types.
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