Transaction Lifecycle Utility
This utility was formerly called the "T-tool" because it shows all the related T accounts of a transaction. The purpose of this tool is to help troubleshoot accounting anomalies. The Transaction Lifecycle utility is unique in NetForum because it allows you to see the numbers for all affected accounts laid out in a T, which makes it easier to catch mistakes, such as duplicate charges.
Note: The Transaction Lifecycle link is available only for invoices in closed batches.
A new tab opens with a list of line items for the invoice. Each line items appears with the following information:
- Line item name
- Price
Click on the name of a line item to see the lifecycle of the transaction spelled out per T account in the following order:
- (account code), (A/R), Account Name
- (account code), (Deffered Revenue), Account Name
- (account code), (Revenue), Account Name
- (account code), (Liability), Account Name
- (account code), (Write Off), Account Name
- (account code), (Asset), Account Name
- (account code), (Cash), Account Name
Note: Click the question mark icon to view the line item GUID. A GUID is NetForum's unique identifier for this line item. Abila Support can use this number to find this specific line item. Give this number to support if you need help.
Understanding Transaction Lifecycle Abbreviations
The following table contains a collection of abbreviations you might see in various places in the Transaction Lifecycle. For easy reference, the abbreviations are in alphabetical order.
| Abbreviation | Description |
|---|---|
| A/R | Accounts Receivable |
| (adj) | adjustment |
| (cdd) | credit |
| (dsc) | discount |
| (dsc rec) | discount / expense recognition |
| (ivd) | invoice detail line item |
| (misc) | miscellaneous transaction |
| (pyd) | payment line item |
| (pyd-ret) | payment type of return |
| (pyd-use cdt) | paid using credit |
| (pyd-wff) | payment type of write-off |
| (rev rec) | revenue recognition |
| (rfd) | refund |
| (tax) | taxable |
| VOIDED WITH ADJ | voided with adjustments |