1. WFP Setup Guide
  2. Transactions
  3. Transaction Codes Link

8.2 Transaction Codes Link

To use the Transaction Codes link

On the Oracle Financial Services Lending and Leasing home screen, click Setup > Setup > WFP > Transactions.

Figure 8-1 Transaction Codes


Description of Figure 8-1 follows
Description of "Figure 8-1 Transaction Codes"

  1. In the Transaction Codes section, select the record you want to work with.

    If you choose, use Search Criteria to limit the display of records.

    • If you are entering a new record, click Add.
    • If you are changing an existing record, click Edit.
  2. In the Transaction Codes section, enter, view, or edit the following information.

    Table 8-1 Transaction Codes

    In this field Do this
    Code

    Enter transaction type code. This is a system defined code for the transactions. The first letter of the code indicates the type of task the transaction performs:

    P – payment

    F – fee

    O – charge off

    Q – reverse charge off

    R – reverse

    W – waive

    V – reversal of waived transaction (required).
    Description Enter the description associated with the Transaction code. This is a system defined field that can be modified by users (required).
    Type Select the transaction type. This field maps the transaction code to into Transaction types (required).
    Sub Type Select the sub type (required).
    Action

    Select the action type. For more information about the Action field, see the following section,

    A Note about the Action Field. Note: If a transaction code has an action of POST, WAIVE, or CHARGEOFF, then a REVERSE action should also be associated with this code (required).

    Manual Select to allow users to post these transactions on the Wholesale Floor Planning Maintenance form.
    GL Select to post the transaction to the general ledger when performed.
    Enabled

    Select to enable the transaction code.

    Note: Transactions codes which are not selected are not available in the LOVs on the WFP maintenance screens.

    Note:

    Transaction codes of transaction type INTEREST and PRINCIPAL cannot have a cleared Enabled check box.
  3. Click Save in the Transaction Codes section.

A Note about the Action Field

The Action field indicates how the transaction code affects the account. The standard actions associated with the various transaction codes are as follows:
  • POST
  • BILLING
  • CHARGE-OFF
  • WAIVED
  • REVERSE
  • VOID

Most Type field and Sub Type field combinations have an action and a reverse action associated with them. Each Type field, Sub Type field, and Action field combination is identified using a unique transaction code.

For example,

The Type FEE and Sub Type PRODUCER ANNUAL FEES combination has the eight following actions associated with it, each having a unique transaction code:

Note that there are four actions and four reverse actions associated with the Annual Fee.

Table 8-2 Transaction code - Type and Sub Type combinations

Code Description Type Sub Type Action
FAANL Annual Fee Fee Producer Annual Fees Post
RFAANL Reversed - Annual Fee Fee Producer Annual Fees Reverse
FBANL Annual Fee - Billing Fee Producer Annual Fees Billed
RFBANL Reversed - Annual Fee Billing Fee Producer Annual Fees Reverse
OFAANL Annual Fee - Chargeoff Fee Producer Annual Fees Chargeoff
QFAANL Reversed - Annual Fee Chargeoff Fee Producer Annual Fees Reverse
WFAANL Annual Fee - Waived Fee Producer Annual Fees Waived
VFAANL Reversed - Annual Fee Waived Fee Producer Annual Fees Reverse

Most of the Type and Sub Type combinations would have these eight transaction codes. However, there are some transactions such as Payment, Rate Change, Rescheduling Unit, Void, and Status Change which may not have all eight codes.

Details of the transaction codes would be listed in the seed data.

Parent topic: Transactions