Mode of Payment
The Mode of Payment stores the medium through which payments are made or received.
Last updated
The Mode of Payment stores the medium through which payments are made or received.
Last updated
To access the Mode of Payment list, go to:
Home > Accounting > Settings > Mode of Payment
Go to the Mode of Payment list and click on New.
Enter a name for the Mode of Payment.
Set a type whether Cash, Bank, or General. This is useful for knowing the mode of payment used in Point Of Sales (PoS).
Set a default payment Account for all the companies.
Save.
Tip: Setting the default Account will this account fetched into Payment Entries.
Note: When making Payment Entries, the default bank account will be fetched in the following order if set:
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