Configuring your Payment Methods

Payment methods are used to track which types of payments you accept.  You can enter as many payment methods as you need.

To create a new payment method, click the Settings tab, click the Payment Methods link, and then click New Payment Method.

  • Name - The name of the payment method, as you want it displayed to your clients and staff (i.e. Cash, Check, Visa, MasterCard, Amex, PayPal, etc...).
  • Notes - A brief description of the payment method.  This is for informational purposes only and is only visible inside the settings.
  • Apply as Credit - If you don't want payments of this type to be allocated as collected income, enable this option.  For example, if you are interested in tracking bad debt or writing off a portion of an invoice without actually receiving payment, this setting is especially useful.
  • Set as Default Method - If checked, the system will automatically select this method when receiving a new payment on an invoice.
  • Reference ID - This field is used to reference or match the payment method in other external systems.
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