How to create a NEW Payment Method?
1. Click the “FINANCIALS MODULE” icon.
2. Click the “CONFIGURE” button located at the top navigation bar.
To create a new payment method, you must have a GL Account first. This is where the transaction records and money go after the payment has been made. You need to create a new one if you want to have an account solely for this new Payment Method. To create a new account, go to CHART OF ACCOUNTS
If there’s an existing account you want to use for the new payment method, then there’s no need to create a new one.
A new payment method type should be created solely for this new Payment Method. Go to Payment Method Type.
3. Once you have a GL Account and Payment Method Type, you may now to Payment Method. On the left side of the window, click on the “CREATE PAYMENT METHOD”.
4. You will be redirected to this page.
5. On the upper part of the window, you will see the “CREATE PAYMENT METHOD” Provide the Payment Method ID, the Payment Method Type ID you created earlier, and other details. Click the “CREATE” button once done.
6. A confirmation will appear at the top left side of your window.
7. Check the list if your new Payment Method has been added.
8. Now go to Payment Methods.
9. Assign the GL account you created earlier to your new Payment Method.