Edit Payment Methods

The "payment method list" is hiding under Lists>>Customer & Vendor profile list. Click on Payment method at the bottom of the screen and select New or Ctrl-N (for new) to add to the list. Just make sure you specify typeÊsh.

I doubt adding another payment method will have any effect on the choices available for paying vendors.

It looks like you are correct. The Payment list only impacts customer payments received.

Under Vendor payments it is cash or credit card to toggle between the bank and credit card accounts you are allowed to select.

When making an online payment you would ultimately use either a credit card or checking account to do this. If a card just enter it as a charge like any other. If it is a checking account what I do is have a series of check numbers, like EFT1234, etc. The EFT in my mind stands for electronic file transfer. Then just enter them as checks with those numbers.

I simply enter the letter E since the actual debit on the bank statement will not have a code I can match it with. As an accountant I perform quite a few bank reconciliations each year. It sure would be nice if some method were designed by the banking industry so the customer and the bank have some sort of sequential code attached to each transaction just like check numbers for charges other than checks.

I agree with that. Would make life much easier, especially when there is a discrepancy to locate.

I just went through the same thing , I went in and set up a cash account in the account category and then have to close out the bills being paid as a check to the cash account. I don't know when that was changed that you can not close as cash. Then I assign the check number and put CASH as the che ck number. It seems like a lot of extra steps but I have already spent 3 ho urs trying to find an easier way.