Examples of Common Payment Segment Types
The following table shows several classic payment segment types used by many organizations:
Payment Segment
Type
Payment Segment
Financial Transaction Algorithm
Normal payment (if you practice accrual accounting). Refer to Accrual versus Cash Accounting for more information.
Payoff = Pay Amount / Current = Pay Amount (no cash accounting)
Normal payment (if you practice cash accounting). Refer to Accrual versus Cash Accounting for more information.
Payoff = Pay Amount / Current = Pay Amount (plus Cash Accounting)
Charity payment
Payoff =0 / Current = Pay Amount (the GL is affected)
Non-CIS Payments (When the FT is created, the distribution code and GL account to credit is retrieved from the pay). Refer to Non CIS Payments for more information
Payoff = Pay Amount / Current = Pay Amount (no cash accounting)