Transactions can be assigned to the following:
Master project: can contain one or more Projects. This reference is supplied by the subscriber.
Project: can contain one or more Deals. This reference is supplied by the subscriber.
Deal: can contain one or more Agreements. This reference is supplied by the subscriber.
Agreement: can contain one or more Transactions. Agreements numbers are system generated and have a pre-text letter of ‘A’
There are several types of transactions, depending on the type of funds. Each have different pre-text letters, these letter signify the following:
T = Transaction, funds have been added.
THD = Holding deposit
TD = Depoist
TC = commission
R = Receipt, monies have been reconciled.
RHD = Holding deposit
RD = Depoist
RC = commission
D = Disbursement
C = Certificate of Funds
F = Funds release