Payment - Current Balance versus Payoff Balance

Warning:

If you do not understand the difference between payoff balance and current balance, refer to Current Amount versus Payoff Amount.

A payment segment financial transaction almost always affects payoff balance and current balance by the same amount (think of it like this - when a customer pays, the amount they think they owe goes down by the amount they really owe). The only exception is a payment segment for a charitable contribution. These payment segments only affect current balance because the customer was never billed for the contribution in the first place.

Fastpath:

Refer to Setting Up Payment Segment Types for more information about how payment segment type affects how a payment segment is produced and how its financial transaction is generated.