Setting Up Payment Segment Types
Every service agreement references a service agreement (SA) type. Amongst other things, the SA type references a payment segment type. The payment segment type controls how payment segments and their related financial transactions are created. To set up payment segment types, open >
Description of Page
Enter an easily recognizable Payment Segment Type and Description for every type of payment segment.
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For more information about the source of the distribution codes on financial transactions, see
The Source Of GL Accounts On Financial Transactions .
For each payment segment type, define the
Payment Segment Fin Algorithm. The logic embedded in this algorithm constructs the actual financial transaction associated with the payment segment. Refer to
Examples of Common Payment Segment Types for examples of how algorithms are used on common payment segment types.
If you haven't done so already, you must set up this algorithm in the system. To do this:
• On this algorithm, reference an Algorithm Type that constructs the payment segment financial transaction in the appropriate manner.
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For more information about current and payoff amount, see
Current Amount versus Payoff Amount .
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