Purpose
You use the Payment Methods form (CA204000) to define and view payment methods for incoming payments processed in accounts receivable (that is, payments from customers to your organisation), as well as for outgoing payments processed in accounts payable (that is, payments from your organisation to its suppliers).
Payment methods are linked to cash accounts, and you can select one cash account in each branch as the default one for the payment method used in accounts payable and in accounts receivable. For some payment methods, you can set up input validation and modify the names of predefined elements as you want them to appear on the interface. These elements will appear when users enter information about a specific payment method used by a particular customer.
Disclaimer: This information about how to use MYOB Advanced is of a generic nature and is based on information supplied by MYOB. Not to be relied on for legal, accounting or employment advice. Data in screenshots is fictional and any resemblance to real personal information is coincidental. BusinessHub makes no warranties in relation to and is not responsible for information contained in third party websites.
Video: How to add and edit Payment Methods
Questions?
If you have more questions, please contact BusinessHub's support desk on 1300 733 071 or raise a Support Case.