Elements where Transactions are posted to

Select the elements where transactions are posted to for the Close, Fee and System (Interest, Payment and Adjustment) transactions. The payment element defined is used when calculating the future schedule.

Column	Description
Description	Description of the Transaction being accounted for
Element	The Element the Transaction is posted to
	Click on the Element Drilldown Icon to open the Element Form
Element Description	The Name of the Element
GL Account	The GL Account the Transaction maps to
GL Account Description	The Name of the GL Account
Value	The default amount of the Transactions
Inclusive?	Tick to make the Fee part of the Transaction. If unticked, the Fee will be added to the Transaction.
Normally Charge?	Tick to charge the Fee by Default
Allow Updates?	Tick to allow Users to change the Fee Amount