Payment methods are used to specify the way in which an invoice will be paid. You can set up any number of payment method codes.

To set up a payment method

  1. In the Search box, enter Payment Methods, and then select the related link.

  2. On the Home tab, in the New group, choose New to create a new line.

  3. Fill in the fields to specify the balancing account where payments with this method are recorded.

To edit a payment method

  1. In the Search box, enter Payment Methods, and then select the related link.

  2. Chose the Payment Method line that you want to edit.

  3. Edit the fields which you need changes.