Payment Purpose Code (74/PC)

JD Edwards EnterpriseOne software provides hard-coded values for this UDC table. You use these values to specify the purpose of the transaction. The system prints this value on the XML file. Examples of values are:

Codes	Names of the Codes	Description
ACCT	AccountManagement	Transaction moves funds between two accounts of same account holder at the same bank.
CASH	CashManagementTransfer	Transaction relates to cash transfer for general purpose. The process instructs and manages the cash flow in this case.
COLL	CollectionPayment	Transaction relates to collection of funds initiated via a credit transfer or direct debit.