Payment Methods refer to the way by which your customer chooses to pay for the order or how you chose to pay for the purchase. Examples of Payment Methods include Bank Transfer, Credit Cards, Personal Funds and Cash (Petty Cash). These can be used to identify transactions paid for in a specific way.
How to link a person with a specific payment method?
To keep track of the reimbursable expenses, it may be necessary to connect a person with a specific payment method in your accounting software.
Note: If you do not connect a user with a specific payment method, the default personal funds payment method will be used. This means the payment method is not personalized.
- Navigate to Settings - Bookkeeping - Payment Methods
- Select the Personal Funds section
- Setup a new payment method for the person
Learn more about how to configure payment methods: