The following table shows several classic payment segment types used by many organizations:
Payment Segment Type |
Payment Segment Financial Transaction Algorithm |
Normal payment (if you practice accrual accounting). Refer to Accrual versus Cash Accounting for more information. |
Payoff = Pay Amount / Current = Pay Amount (no cash accounting) |
Normal payment (if you practice cash accounting). Refer to Accrual versus Cash Accounting for more information. |
Payoff = Pay Amount / Current = Pay Amount (plus Cash Accounting) |
Charity payment |
Where Used
Follow this link to open the data dictionary where you can view the tables that reference CI_PAY_SEG_TYPE.
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