Account types are labels that differentiate and validate the type of account that is associated with the account number. The account type differentiates the accounts for display, accounting entries, and reconciliation purposes. Smart Investigate for Payments processing combines the account type with an account number and bank number to form a unique key for each account and supports the processing of multiple account types. In addition, types serve as data points for the sorting and posting of different types of accounts in the system’s accounting feed file.

Ruleset record affected:

• Rule-HTML-Property named SIPartyAccountType

This image shows the rule for modifying account types.