Payment Financial Transaction Considerations

A payment segment exists for each contract that receives a portion of a payment. Linked to every frozen payment segment is a financial transaction. This financial transaction affects a contract's payoff balance and/or current balance. It also contains the journal details that debt cash and credit some other account.

The topics in this section provide information about the financial impact of a payment segment.

Fastpath: Refer to The Financial Big Picture for more information about a payment's place in the financial big picture.

Related Topics:

Payment - Current Balance versus Payoff Balance
The Source Of GL Accounts On A Payment Financial Transaction

Parent Topic: The Big Picture of Payments