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1. What are Transaction Types?
Transaction Types are vital reference files used for for managing and controlling income and expenses.
They are a method of assigning every expense in AusFleet to a specific classification for reporting, invoicing etc.
Every expense recorded in AusFleet is allocated to a Transaction Type such as fuel, maintenance, parts, labour, tolls etc
Some are system-required are therefore not editable but these are available for use and do not need to be re-entered.
These are automatically applied to transactions based on the module they relate to.
If you use General Expenses module for miscellaneous expenses, you also need to create expense types for general expenses, so they are classified separately.
See: General Expenses Set Up
2. Creating "Transaction Types"
More>>>Reference Files>>>Debtors>>Transaction Types
A short and long description can be entered, particularly useful where Transaction Types are mapped for interfacing top finance systems which use their own account descriptions
If the expense affects FBT, tick the flag to correctly record expenses against FBT-liable assets.
Examples:
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