Payment Method

The payment method specifies not only how a voucher will be paid, but also how the system will handle the voucher.

Default payment methods are usually defined for suppliers in Supplier Maintenance; however, the default is changeable during voucher processing in Voucher Entry or voucher editing in Voucher Edit (as long as payment has not taken place for the selected voucher). Purchase Order Maintenance uses the supplier's default payment method. However, the method can be changed when you enter a purchase order, or after the fact; only the payment method for fully received purchase orders cannot be changed.

The following payment methods are available:

• ACH

• Automatic Draft

• Banker Acceptance

• Cash

• Check

• Credit Card

• Direct Debit

• Direct Deposit

• Exchange

• Manual

• Other

• Pre-Paid

• Transfer

• Wire

In Accounts Payable, the following is true of payment methods:

• Only vouchers with a payment method of Check can be paid in Check Print.

• Vouchers with a Manual payment method are completed in Payment Entry, but are considered checks for inquiry and reporting purposes.

• Vouchers with a Direct Deposit payment method are completed in Direct Deposit Payment Entry.

• Vouchers with all other payment methods are completed in Payment Entry and are not regarded as checks.

• You can select All in the Payment Method field in Voucher Payment Select. This implies all available payment methods can be included in the selection of items to be paid. However, only those items selected that belong to payment method Check will go through Check Print.