The payment type make the connection between a descriptive payment type and a account code.

isPay is a flag to indicate a payment, so outgoing amount equals 'Y' or incoming equals 'N' .

isAppl is a flag to indicate if the payment needs to be applied to and invoice, Y or N or E for either, so both.

Payment TypedescriptionglAccount nameisPayisAppl
PtDisbursementDisbursementRetained EarningsYE
PtFinancialAccountFinancial Account TransactionFinancial Account DepositsNE
PtFinancialAccountFinancial Account TransactionFinancial Account WithdrawalsYE
PtInvoicePaymentInvoice PaymentAccounts Receivable - Unapplied PaymentsNN
PtInvoicePaymentInvoice PaymentAccounts ReceivableNY
PtInvoicePaymentInvoice PaymentAccounts Payable - Unapplied PaymentsYN
PtInvoicePaymentInvoice PaymentAccounts Payable - OperatingYY
PtPrePaymentPre Payment - ExpenseAccts Receivable - Unapplied PaymentsNN
PtPrePaymentPre Payment - ExpenseAccounts ReceivableNY
PtPrePaymentPre Payment - ExpensePrepaid ExpensesYN
PtPrePaymentPre Payment - ExpenseAccounts Payable - OperatingYY
PtPrePaymentInventoryPre Payment - InventoryAccounts Received - Unapplied PaymentsNN
PtPrePaymentInventoryPre Payment - InventoryAccounts ReceivableNY
PtPrePaymentInventoryPre Payment - InventoryPrepaid InventoryYN
PtPrePaymentInventoryPre Payment - InventoryAccounts Payable - OperatingYY
PtRefundRefundAccounts Receivable - Unapplied PaymentsNN
PtRefundRefundAccounts Payable - Unapplied PaymentsYN