Position types

A position type names a balance an account carries — principal outstanding, accrued interest, arrears. Your organisation decides what the list holds.

The list is shared across the whole organisation. Accrued interest means one thing here, whatever product carries it, so you write it down once and every product that uses it reads the same row.

What a position type carries

Field	What it is
Name	The identity everything else refers to, such as `AccruedInterest`
Label	What people read on screen, such as “Accrued Interest”
Category	Whether the balance is standard, an accrual, or memorandum
Balance group	Which total the balance rolls up into, or Ungrouped

The name runs words together with a capital on each, and no spaces or hyphens. It is fixed once you save, because your products and your history refer to it by that name.

The label is not fixed. Rename it whenever the wording should change.

Category	What it means
Standard	A real balance that counts toward what the account is worth
Accrual	An amount building up that has not been charged or paid yet
Memorandum	A figure kept for information, not counted in the account’s worth

Balance groups

A balance group is the total a balance rolls up into on the account summary — capital, interest, fees. Every account’s figures are grouped by it.

Leave the balance group as Ungrouped when a balance should not roll up into any total. A standard balance left ungrouped is reported by name rather than silently dropped from the totals, so nothing goes missing — but someone reading the summary sees a loose figure.

Which balance groups exist is configured on their own screen.

Changing a label or a group

Go to Settings, then Position Types.
Select the row you want to change.
Change the Label, Category or Balance group.
Select Save.
Select Publish on the settings bar.

Nothing is live until you publish. Until then the change is a draft with your name on it, which is what gives an auditor an authored, dated record of what changed.

Changing a balance group moves that balance into a different total on every account that carries it. Check the account summary after you publish.

Adding a position type

Go to Settings, then Position Types.
Select Add.
Enter a Name, such as Arrears.
Enter a Label, such as “Arrears”.
Choose a Category.
Choose a Balance group, or leave it Ungrouped.
Select Save, then Publish.

Two names that differ only in capitals are refused. The screen tells you which row you have collided with.

An added position type is not yet attached to anything

Adding the row is half the job. Which products carry a position type is still configured by your implementation team, not on this screen.

So a position type you add appears in this list and nowhere else until someone attaches it to a product.

Removing a position type

Removing is refused while any product still carries the position type. The screen names the products that carry it, so you know what to detach first.

flowchart LR
    A[Position type] -->|Remove| B{Any product<br/>carries it?}
    B -->|Yes| C[Refused, and the<br/>products are named]
    B -->|No| D[Gone]

There is no way to hide a position type without removing it. That is deliberate: history reads these rows, so a balance something once carried stays readable.

What your organisation configures

Everything on this screen. The platform ships no position types of its own — the list you see is the one your organisation set up.

Which products carry which position type is configured alongside it, by your implementation team. See transaction types for what moves these balances.