Mode of Payment

Mode of Payment

The Mode of Payment stores the medium through which payments are made or received.

To access the Mode of Payment list, go to:

Home > Accounting > Settings > Mode of Payment

1. How to create a Mode of Payment

1. Go to the Mode of Payment list and click add Mode of Payment on the top right button .
2. Enter a name for the Mode of Payment.
3. Set a type whether Cash, Bank, General or Phone. This is useful for knowing the mode of payment used in Point Of Sales.
4. Set a default payment Account for the companies.
5. Save.

Tip: Setting the default Account will this account fetched into Payment Entries.