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.
- Go to Settings and Click on Bookkeeping
- Select Payment Methods
- Choose the Personal Funds section
- Set up a new payment method for the person
Note: Connecting a payment method to your accounting software depends on your accounting software.
Read more about how to connect payment methods to your accounting software.
Learn more about how to configure payment methods: