How can I arrange the creation of transaction types?

Create transaction types for each transaction class, and create them in a way that can account for dependencies between transaction types.

Create your transaction types in the following order:

• Credit memo transaction types

• Invoice transaction types

• Debit memo transaction types

• Chargeback transaction types

If applicable, create the transaction types that you want to add to your transaction sources before creating transaction sources.

If you're using late charges, create a transaction type with a class of Debit Memo to present late charges as debit memos, and a transaction type with a class of Invoice to present late charges as interest invoices. Specify the receivable and revenue accounts for these transaction types. Receivables uses these accounts instead of AutoAccounting when generating late charges.