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) |