Payment Methods


From this page you can create different payment methods such as cash, card, credit or debit note, voucher etc (see figure 1).


(Figure 1 - Payment methods page)


How to create Payment methods ?


1. Navigate to Payment methods page

2. To create a new Payment type, click  on (+) add enter the following details

3. Save the record (see figure 2).



(Figure 2 - payment methods entry page)


Different fields in this page are:


  1. Payment Mode Code :  Enter New Payment Mode code for the new Payment Method.
  2. Payment Mode Type : choose a code for the payment mode to make it unique. The modes are system defined
  3. Ledger : choose the ledger type from the drop down with which you want to associate the payment mode
  4. Payment Mode Code : enter the payment mode code from the drop down
  5. Receivable Mode check box : click on this check box to make this particular payment type active for receiving payments
  6. Payment Mode : add a name for the payment mode
  7. Sequence No. : add a sequence number as per the payment mode
  8. Bank Charges Rate :  Enter bank charges if any thing Applicable for new payment type
  9. Bank Charges GL Code : Enter bank charges General Ledger Code applicable for new payment type  
  10. Description : add a description regarding the payment mode
  11. Payable Mode check box : click this check box to make this method active