Understanding Transaction Codes

You must assign a transaction code to each item that appears on a bank statement. This code identifies the type of transaction, such as a journal entry or customer payment, and specifies the detail information that the system requires to reconcile the entry.

For the system to identify your transactions correctly, you must associate each transaction with a transaction code from UDC table 09/BJ. You can change the codes provided by EnterpriseOne to make them more suitable for your organization. Although you can change the code as well as the description for each code, you cannot change the function of a transaction type or the first two characters in the Description 02 field. For example, you can change the transaction code and the description of transaction type 02 (Cash Receipt - Batch). You cannot change the function to be a journal entry transaction and you cannot change the first two characters of the Description 02 field to, for example, 03.

The transactions that you enter are grouped into these two categories:

• Transactions that cleared your bank account and have been entered in the system.

• Transactions that cleared your bank account and have not been entered in the system.