Transaction Types
The categories used to classify ledger entries — flight charge, membership fee, refund, penalty — so payments and statistics group meaningfully.
What it is
Transaction Types are the categories used to classify entries in the club ledger — for example flight charge, membership fee, refund, or penalty. Every transaction is tagged with a type, which records what the money movement actually represents rather than leaving it as an unlabelled amount.
This classification is what lets payments and reports group meaningfully. With a consistent set of types, you can see how much income comes from flight charges versus membership fees, track refunds and penalties separately, and produce statistics that add up the way the club expects. A well-kept vocabulary here keeps the whole financial picture legible.
How to use it
- Define your categories — create one entry per ledger category (flight charge, membership fee, refund, penalty, …).
- Classify transactions — tag each ledger entry with a type so it’s recorded accurately.
- Group statistics — let financial reports break payments down by type.
- Separate refunds and penalties — keep distinct money movements in their own categories.
- Reuse over duplicate — prefer an existing type to a near-identical new one.
Related
- Transactions — where each ledger entry is classified by type.
- Transactions Statistics — group financial activity by type.
- Periodic Transactions — recurring entries that use these types.