Click Add Momentus Payment Configurations to create the appropriate Receivable Transaction Methods and Transaction Types to account for your electronic payments. When a customer submits a payment, Momentus Payments will assign the appropriate Transaction Type and Transaction Method based on the customer’s payment method and whether the transaction is a deposit or payment. Likewise, any surcharges or other fees added to the amount due will be automatically categorized.
If using full financials, review the GL Distribution for the Receivable Transaction Types listed below. As the payments are settled daily (minimum), review your procedures to ensure they include creating batches to reconcile multiple payments into a single figure.
Note: There will be no change to any existing Transaction Methods and Transaction Types. These will remain available should you need to record any payments accepted outside of Momentus Payments. If switching from another Gateway provider, ensure the old Receivable Transaction Types are marked as inactive to prevent confusion. Note: You may have multiple Receivable Transaction Types to mark as multiple records will not be required.
The new Receivable Transaction Methods and Types will be sufficient regardless of how many Momentus Payments accounts are configured. Configuration for Passthrough Fees and reporting on different card types is managed via the Merchant Portal.
To view or modify the Receivable Transaction Types, refer to Receivable Transaction Types.
Transaction Methods
- @AF : Application Fee
- @ET : Bank Transfer
- @CC : Credit Card
Receivable Transaction Types
- ADJAA@AF : Application Fee (UBP)
- DEPAA@ET : Deposit - Bank Transfer (UBP)
- DEPAA@CC : Deposit - Credit Card (UBP)
- PAYAA@ET : Bank Transfer (UBP)
- PAYAA@CC : Credit Card (UBP)