Wednesday, 12 February 2014

What is the meaning of “Trans” in FF67?

While you are using the command FF67, you will be able to see “Trans” in the second screen, which named the column as “Trans”.

“Trans” is a Transaction.

What is the meaning of “Trans” in FF67

When you create a collection receipting transaction which was paid by the customer and when you made the payment transaction to your vendor, then the entry will be shown here. Those transactions are assigned here at Bank Reconciliation which identifies as payment or receipt. Based on this system, we will be able to identify whether it is a incoming bank receipt transaction or outgoing bank payment transaction. Then you will put together the posting in your main bank account.

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