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 Admin > Payment Segment Type.

Description of Page

Enter an easily recognizable Payment Segment Type and Description for every type of payment segment.

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:

• Create a new algorithm (refer to Setting Up Algorithms ).
• On this algorithm, reference an Algorithm Type that constructs the payment segment financial transaction in the appropriate manner.