Transaction Types
The categories used to classify entries in the ledger — flight charge, membership fee, refund, penalty.
What it is
Transaction Types are the named categories used to classify entries in the club ledger — for example a flight charge, a membership fee, or a refund. Each type belongs to one of two classes: credit or debit. Every transaction is tagged with a type.
Some types are system types (created by the system itself to bill flights, duties, and periodic transactions) and cannot be renamed or deleted. Custom types can be renamed and deleted, provided no transaction references them.
How to use it
- Define your categories — create one entry per ledger category (flight charge, membership fee, refund, …).
- Choose the class — for each type, set whether it is a credit or a debit.
- Classify transactions — tag each ledger entry with a type.
- Group statistics — financial reports can break activity down by type.
Related
- Transactions — where each ledger entry is classified by type.
- Payment Statistics — group financial activity by type.
- Periodic Transactions — recurring entries that use these types.