Transaction types

The following transaction types may appear on the Transactions page:

invoice—a list of itemised charges raised against an account or subscription over a given period of time.
surcharge—an extra fee added to another fee or charge.
receipt—an acknowledgement of a completed payment.
bond—a sum held as security and will generally be reimbursed at a future date. A bond is a debit transaction that does not put a customer account in credit. An active bond is a liability.
credit note—an adjustment that adds a credit to an account.
debit note—an adjustment that adds a debit to an account.
itemised credit—a credit note that contains an itemised list of charges that make up the credit.
transferred credit—the account received a credit from another account, or transferred a debit to another account.
transferred debit—the account transferred a credit to another account, or received a debit from another account.
credit transferred credit—a receipt from a different account was allocated to an invoice on this account.
credit transferred debit—a receipt from this account was allocated to an invoice on another account.
reimbursement—an amount refunded to an account or subscription that has already been paid.
recipient created tax invoice (RCTI)—an invoice from a creditor requesting payment, generated by your company on behalf of the creditor. Smile uses RCTIs to track commission payments.
reversal—a transaction that negates another transaction.

The following transaction types may appear on the Draft Transactions page:

quote—a formal statement of the cost to provide services and accounts to a customer, also known as a draft transaction or open invoice. A quote is a precursor to an Invoice. An open quote does not affect the account balance.

Note: For more information about transferred credits and transferred debits, see Transfer funds between accounts. For more information about credit transferred credits and credit transferred debits, see Allocate a receipt to an invoice.