Transaction Type

The Transaction Type menu holds the accounting model and the item configuration. It is used for inserting the financial data transactions.

For using transaction types in conjunction with Core Banking, see Transaction Types Used in Core Banking.

Creating Transaction Types

1. Log into the FintechOS Portal.

2. Expand the General Ledger Configurations menu and select Transaction Type. The Transaction Operation Types List page opens.

3. At the top-right corner of the page, click the Insert button to create a new transaction type.

4. Fill in the following fields:

5. Click Save and reload.

Transaction Value Type

Transaction value types are defined as header items or detail items. Header items are the general details of a transaction (for example date, customer, currency, and so on). The detail items are grouped into numeric or text information.

In this section, users can create and determine the values calculated for each transaction. The additional data from here is used in the Transaction Accounting Models section.

1. To add a new transaction value type, click the Insert button under the Transaction Value Type section. The Add Transaction Value Type page opens.

2. Fill in the following fields:

3. Click Save and close.

When a transaction value type is marked as a header item, (Is Header = True), the transaction values are set into the attribute values of the FTOS_GL_OperationTransaction entity. If the Value Type Name field is not an attribute of that entity, then the following error is displayed:

Name should be an attribute name from header table FTOS_GL_ OperationTransaction.

A json with default values is sent when using the function for setting the operation transaction values. The json has the following form:

[
  {
    attributeName: 'DescriptionText',
    value: 'Disburse 1500'
   },
   {
    attributeName: 'ProvisionAmount',
    value: '15.00'
   }
]

The json checks if there is any default value for the attributeName, from the Value Type Name field. If no values are returned, the Formula field is checked. When neither field returned any values, the source entity of the attribute from the Value Type Attribute field is checked.

Transaction Item Accounting Configuration

The Transaction Item Accounting Configuration section holds the configuration of each transaction. It helps define an account from the Accounting Chart.

This section holds the configuration for an item with the respective chart account. It represents the listing of the names of the accounts for the company inserted in the Legal Entity menu.

1. To add a new transaction item accounting configuration, click the Insert button under the Transaction Item Accounting Configuration section. The Add Transaction Item Accounting Config page opens.

2. Fill in the following fields:

3. Click Save and close.

Transaction Accounting Models

This section holds the accounting models, all the rules used in order to generate accounting entries for each transaction.

The details from the Debit Account Rule and the Credit Account Rule are defined by the information from the Transaction Item Accounting Configuration section. All other details are defined by the information from the Transaction Value Type section.

1. To add a new transaction accounting model, click the Insert button under the Transaction Accounting Models section. The Add Transaction Accounting Model page opens.

2. Fill in the following fields:

3. Click Save and close.