Defining Payment Methods
Payment methods define how an invoice will be paid. You can set up any number of payment methods. Examples of payment methods can be BANK, CASH, CHEQUE, or ACCOUNT. Payment methods are linked to vendors in order to specify how an invoice from the specific vendor must be paid.
To set up a payment methods
Several typical payment methods are already defined in Business Central. You can define new payment methods in the Payment Methods window, which you can find with the search function or open from the Payment Method field on an a vendor or customer card.
- Choose the icon, enter Payment Methods, and then choose the related link.
- Fill in the fields as necessary. Hover over a field to read a short description.