What are Transactions and Transaction Types?
A transaction represents any activity that represents funds going in and out of an account (ie. transfer). A transaction type identifies the type of activity that occurs within an account or policy.
Swivel has the following Transaction Types pre-configured for your account:
Contribution
Transfer
Withdrawal
How do I add manage Contributions and Withdrawals
Step-by-step directions:
Navigate to the desired Contact and, if necessary, create the desired Product.
Click the Product and select the Contributions & Withdrawals tab and < click +New Transaction
Select the Transaction Type and complete the New Transaction slide out form
Transaction Type
Date
Amount
Repeat Frequency (One Time Only, Monthly, Quarterly, Yearly)
Responsible
Reference #
Additional Reference Information
Note
Click Save
Add New Transaction Types from Contributions & Withdrawals tab
Step-by-step directions:
Navigate to the desired Contact and, if necessary, create the desired Product.
Click the Product and select the Contributions & Withdrawals tab and < click then < click the +Create Transaction Type button
Complete the New Transaction Type slide out form
Name
Description
Transaction Intent
Unspecified
Transfer
Withdrawal
Contribution
Force Value
None
Positive
Negative
Institution Required (Yes, No)
Payment Method Support (None, Optional, Required)
Position
Click Save
🔍 Tip: The Force Value option dictates how the transaction will impact the value. For example, a Transaction Type with a Withdrawal intent would also have a Force Value of negative because the withdrawal is subtracted.