A transaction type is the combination of a transaction source type and a transaction action. It is used to classify a particular transaction for reporting and querying purposes. Oracle Inventory also uses transaction types to identify certain transactions to include in historical usage calculations for ABC analysis or forecasting. The following table presents predefined transaction types:

Use the Transaction Types window to define additional transaction types to customize transaction entry. A user–defined transaction type is a combination of a user–defined transaction source type and a predefined transaction action. For example, if you frequently donate items to charity, you might want to define a transaction source type called ”Charity” and a transaction type called ”Issue to Charity”. In this case, the transaction action would be Issue from Stores. You would then use the Miscellaneous Transactions window to actually issue an item to charity, using the ”Issue to Charity” transaction type. You would also specify the actual charity to which you are issuing, such as Goodwill, and the expense account that specifies the source (Goodwill).

You define transaction types by combining transaction actions and transaction source types. You define transaction source types in the Transaction Source Types window. Oracle Inventory provides the list of transaction actions.

You must specify a transaction type when you perform a miscellaneous receipt or issue, a subinventory transfer, a WIP transaction, or an inter–organization transfer.