8. Transactions

8.1 Introduction

The Transactions records the system defined, consolidated list of transaction codes available in the WFP module.

The transaction codes defined on this screen are fixed, system defined, and set up during WFP installation; you cannot modify them. However, you can choose not to use a transaction code by clearing its Enabled check box. You can also choose which transactions affect the general ledger by selecting the GL check box.

The transaction codes defined here are available on the Wholesale Floor Planning Maintenance form.

Note

If any transaction code is disabled on the Transaction Codes screen, it may have an im­pact on the spreads if the disabled transaction code was listed in the Spread Details sec­tion on the Spreads screen. Oracle Financial Services Lending and Leasing would not be able to prevent allocation of payment to this code in spite of it being disabled.

8.2 Transaction Codes Link

To use the Transaction Codes link

On the Oracle Financial Services Lending and Leasing home screen, click Setup > Setup > WFP > Transactions

1. In the Transaction Codes section, select the record you want to work with.

• If you choose, use Search Criteria to limit the display of records.
  • If you are entering a new record, click Add.
  • If you are changing an existing record, click Edit.

2. In the Transaction Codes section, enter, view, or edit the following information

   In this field:	Do this:
   Code	Enter transaction type code. This is a system defined code for the transactions. The first letter of the code indicates the type of task the transaction performs: P – payment F – fee O – charge off Q – reverse charge off R – reverse W – waive V – reversal of waived transaction (required).
   Description	Enter the description associated with the Transaction code. This is a system defined field that can be modified by users (required).
   Type	Select the transaction type. This field maps the transaction code to into Transaction types (required).
   Sub Type	Select the sub type (required).
   Action	Select the action type. For more information about the Action field, see the following section, A Note about the Action Field. Note: If a transaction code has an action of POST, WAIVE, or CHARGEOFF, then a REVERSE action should also be associated with this code (required).
   Manual	Select to allow users to post these transactions on the Wholesale Floor Planning Maintenance form.
   GL	Select to post the transaction to the general ledger when performed.
   Enabled	Select to enable the transaction code. Note: Transactions codes which are not selected are not available in the LOVs on the WFP maintenance screens.

Note

Transaction codes of transaction type INTEREST and PRINCIPAL cannot have a cleared Enabled check box.

3. Click Save in the Transaction Codes section.

A Note about the Action Field

The Action field indicates how the transaction code affects the account. The standard actions associated with the various transaction codes are as follows:

• Post
• Billing
• Charge-off
• Waived
• Reverse
• Void

Most Type field and Sub Type field combinations have an action and a reverse action associated with them. Each Type field, Sub Type field, and Action field combination is identified using a unique transaction code.

For example,

The Type Fee and Sub Type Producer Annual fees combination has the eight following actions associated with it, each having a unique transaction code:

Note that there are four actions and four reverse actions associated with the Annual Fee.

Code	Description	Type	Sub Type	Action
FAANL	Annual Fee	Fee	Producer Annual Fees	Post
RFAANL	Reversed - Annual Fee	Fee	Producer Annual Fees	Reverse
FBANL	Annual Fee - Billing	Fee	Producer Annual Fees	Billed
RFBANL	Reversed - Annual Fee Billing	Fee	Producer Annual Fees	Reverse
OFAANL	Annual Fee - Char­geoff	Fee	Producer Annual Fees	Chargeoff
QFAANL	Reversed - Annual Fee Chargeoff	Fee	Producer Annual Fees	Reverse
WFAANL	Annual Fee - Waived	Fee	Producer Annual Fees	Waived
VFAANL	Reversed - Annual Fee Waived	Fee	Producer Annual Fees	Reverse

Most of the Type and Sub Type combinations would have these eight transaction codes. However, there are some transactions such as Payment, Rate Change, Rescheduling Unit, Void, and Status Change which may not have all eight codes.

Details of the transaction codes would be listed in the seed data.