Set Up Payment and Adjustment Types

Click the Add New Type button (or select an existing payment/adjustment type and click the Edit button.)

1. Complete the box as desired.

   

   1. Enter the code and its description.
   2. Select its type and subtype from the dropdown lists.
   3. In the Sign field, indicate whether it is a positive or negative payment or adjustment.
   4. Select the appropriate class.
   5. Enter the service fee percentage.
   6. By default the Active checkbox is selected. You can make the payment/adjustment type inactive by deselecting this checkbox.
   7. If the payment/adjustment type should have an accompanying adjustment code, select one from the provided list. If you select an accompanying adjustment code, the system will trigger that code during the posting of the code that you are setting up. For example, you could set up an adjustment code to debit a customer’s account for the payment amount if the customer’s credit-card payment or automatic draft is returned. That adjustment code could have an accompanying adjustment code that would also be triggered at posting time to debit the account for an additional fee for the returned payment.
2. Click the Save button.