A/P Payment Codes Screen

Select this option if you do not want to use the payment code.

The option is used primarily when you have decided to delete a payment code and do not want to assign it to any transactions in the Payment Entry screens.

You must also assign another payment code to any unposted payment transactions that use the inactive payment code. You can change your entry any time.

This field displays the date of the last change made to the payment code.

Enter a code to identify the vendor payment type, using up to 12 characters.

Payment codes are used to identify the types of payments you process.

If necessary, your company may use different codes for payments made by credit card—one to identify each of the three credit cards you use.

The Other payment type lets you define payment codes other than for cash, check, or credit card. For example, you might create an EFT code for electronic fund transfers.

Enter a description of the specified payment code, using up to 60 characters.

Select the payment method for this payment code:

• Cash.
• Check.
• Credit Card.
• Other.