(AR – Accounts Receivable Setup – AR Payment Types)
User-defined payment types are used to classify and control the processing of customer payments. Whenever you receive a customer payment, you must specify the payment type.
Link:
Startup Guide - Payment Types
Screen Details
Payment Type
Enter an up to 10-character code to identify the payment type on lookups and screens.
Description
You can enter an up to 50-character description to accompany the Payment Type on lookups.
Method
Four options are available:
CHECK
Select this option for customer payments made by check.
CCARD
Select this option for customer payments made by credit card.
FILE
Select this option for customer payments made by electronic file transfer.
CASH
Select this option for customer payments made by cash.
The default Payment Type is set from the Admin – System Defaults menu choice, which is documented in section 2-8 of this guide.
