Finance Reporting - Transaction Types

Below is a list of the various transaction types used on Finance Journals, useful when reporting.

Transaction (Tx) Types	Definition
Sale	Sale - a sale (DR or +) of a service to a customer (revenue)
CreSale	Credit Sale - a credit (CR or - ) of a sale where the sale transaction has been reversed or reduced for any reason (often curtailments or cancellations)
Disc	Discount - a reduction of the gross sale amount (offered to the Student and visible to the Student)
ADNet	Agent Discount Net - a reduction of the gross sale amount (offered to the Agent and not visible to the Student) - for when the Agent is paying a net invoice
ADGrs	Agent Discount Gross - a reduction of the gross sale amount (offered to the Agent and not visible to the Student) - for when the Student is paying Gross. This amount is paid in the form of a commission.
Pay	Payment - an amount paid out for example, to a supplier (such as a homestay provider) or to a student for a refund
Rec	Receipt - an amount received in from a customer to pay for their course/accommodation etc.
ADGrsR	Agent Discount Gross Reversal - for when the agent discount gross is manually reversed
ADNetR	Agent Discount Net Reversal - for when the agent net net is manually reversed
DiscR	Discount Reversal - for when the discount is manually reversed