Payment method

Under this tab you register different payment methods in the system. These payment methods are used in the ledgers to direct payment flows and for example determine how they will be recorded.

When you install the system, you will find a standard set of registered payment methods. You can delete payment methods that are not used, that is, if there are no suppliers, supplier invoices, or customer invoices with that particular payment method.

Code

Here you enter the code of the payment method.

Name

Here you enter the name of the payment method.

Translations

By using the button Translations you can translate the text to the different active languages registered in the system. Read more about language management for translatable texts.

Payment type

Here you find the following payment types: Manual payment, Electronic outgoing payment, Cheque, Electronic incoming payment, Cash payment, and Bank integration (if activated). The payment types have different settings that are shown to the right when you have selected a payment type.

Default

The payment method you configure as default will provide automatically suggested payment methods in the payment procedures. You can only select one default option per payment type.

Active

With this checkbox you determine if the payment code is active or not.