534857304

Chapter 9 ■ Defining the House Bank
The next step is to create transaction types to customize your electronic bank statements. This
transaction type will be assigned to the external posting rules in Step 6.
You’ll create the names and descriptions of the various transaction types you require. House banks
that use identical lists of business transaction codes (external transactions) can be assigned to the same
transaction type in Step 6.
Step 5: Create Transaction Type
When creating transaction types, you define the transaction type key and provide a name that describes your
transaction types. The transaction types you create are assigned to external transactions. The benefit of a
transaction type is that it will allow you to group house banks with the same lists of external transaction keys
and assign them to the same business transaction. The idea behind this concept is that you assign external
transaction codes of house banks once per transaction type rather than doing this individually per house
bank.
Before assigning external transaction types to posting rules, you must first create the transaction type.
Double-click on the
button to call up the Define Posting Rules Overview screen, where
you will create your transaction type. Then click the
button on the top-left side of the screen to
create a transaction type. Update the following fields (Figure 9-11):
Trans. Type: Enter a code of your choice in this field as your transaction type.
This field can accept up to eight digits. In this activity, we used the company code
C900 to make it easy for us to identify the code.
Name: Enter a short description for your transaction type.
Figure 9-11. Global settings for an electronic bank statement—Create Transaction Type
After updating the screen, click the Enter button to confirm your entries and save your
configuration.
In the next step, you assign external business transaction codes to the internal posting rules you created
in Step 4.
133