Transaction Sequentially-Australian Complaince

The transaction number is simply an internal number which numbers every transaction sequentially. The reference area defaults to a number, but can be overwritten with anything.
 
So for example, we could have these 5 transactions:
Trans No. 1 Rent Receipt for Harry Reference 1
Trans No. 2 Rent Receipt for Mary Reference CASH
Trans No. 3 Owner Payment to Pete Reference November
Trans No. 4 Rent Receipt for Peter Reference 4
Trans No. 5 Rent Receipt for Olive Reference 5
 
If you simply looked at the Audit Report for Receipts, you would see:
Trans No. 1 Rent Receipt for Harry Reference 1
Trans No. 2 Rent Receipt for Mary Reference CASH
Trans No. 4 Rent Receipt for Peter Reference 4
Trans No. 5 Rent Receipt for Olive Reference 5
 
So you wouldn't see transaction number 3, because it wasn't a receipt of money. You also wouldn't see reference numbers 2 or 3 since one was overwritten by CASH and the other was for an Owner Payment transaction.
 
Queensland requires that all Receipts of monies be numbered sequentially so we added a function in Palace to create sequential numbers for this reason for Queensland compliance.(This sequential requirement may also be required for other states)
 
You may need to turn this on for existing companies if this is a requirement from their auditors. I have turned this on for Rent Central. When this is turned on, then the Sequential number shows on the Audit Report for Receipts (not the reference number). It also shows on the actual Rent Receipts. See attachment on where to turn it on. It is in the System Setup area under the Company Management Options
 
 
This will be on by default for all new Australian databases.
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