Payment methods are used to automatically record transactions with customers, vendors, and reporting parties. Payment methods include Transfer, Debit or Credit Card, Reporting Party, or Cash (Cashier).
Importing and Linking Payment Methods
Payment methods can be imported or synchronized from your integrated accounting software. In some cases, it may be necessary to link payment methods to specific bank accounts, ledger liability accounts, or other identifications (e.g., payment method code) used by your software before you can publish transactions with these payment methods.
Assigning Payment Methods
You can always assign the payment method on a document (such as purchase and sales invoices) or assign a particular contact (client, supplier, or reporting person) with a payment method to ensure correct entries are forwarded to your accounting software.
Card Digit Extraction (Beta)
After you've submitted a document to Envoice, Envoice may extract the last 4 digits of the credit/debit card used to pay the transaction and automatically match it with a specific Credit Card payment method.
Please note that this feature is in beta and is not yet generally available.
Publishing Destinations
If a payment method is attributed to a document, you'll be able to publish it to the 'Bank Accounts' or 'Spend Money' sections of your accounting software.
Note: If you choose not to link a payment method to an identifier from your accounting software (e.g., Bank Account, Payment Method Code, or a Ledger Account), the document will be forwarded using the default publishing destination values in your accounting software.
Learn more about how to configure payment methods for different use cases: