Full allocation occurs when the payment or credit is equal to the total amount owing on the corresponding order.
Suppose a customer requests two tickets to an event, plus a piece of merchandise. This results in the creation of the following order:
Order Item |
Net Value |
Service Charges |
Grand Total |
Adult Admission |
$295.00 |
$5.00 |
$300.00 |
Senior Admission |
$195.00 |
$5.00 |
$200.00 |
Miscellaneous Charge |
|
$10.00 |
$10.00 |
|
$490.00 |
$20.00 |
$510.00 |
Upon receiving the order, the customer pays the complete amount due.
This results in the following transactions:
Transaction ID |
Transaction Type |
Debit |
Credit |
1 |
Order Creation |
$510.00 |
|
2 |
Customer Payment |
|
$510.00 |
This payment is allocated as follows:
