Transaction groups are required for defining the transaction code type for transaction codes linked to the group via a subgroup. You can define tax generates at the group level per property; all transaction codes linked to the group will inherit the generates in the group.
Use the following steps to create transaction groups:
- From the Administration menu, select Financial, select Transaction Management, and then select Transaction Groups.
- If MHOT is active, select the template tab.
- Click New.
- Select the transaction group type:
- Revenue. Defines the group as Sales (revenue and non-revenue) Charges.
- Payment. Defines the group as Payment.
- Wrapper. Defines the group as Wrapper (package). Only 1 group is required.
- Enter an alpha-numeric Code .
- Enter a Description of the transaction group
- Optionally enter a display sequence for the code when displayed as a list.
Related topic: Generates