Archived: How to add a payment method in Purchase Invoice or Sales invoice

Purchase Invoice:

1. Go to Setup, Settings, Company, Credit Cards, Used.
2. Fill in the information in the table displayed:
   • Credit Card Name - Put name you want to be displayed in the drop-down menu as a Payment Method
   • Payable Acct - Put the liability account to track the use of that type of purchase
   • Expense Acct - Put the Expense account to track the fees related to that type of purchase
3. Click OK to confirm the change.
4. Create a new purchase invoice and you will see that the new payment method is available in the drop-down menu.

Sales Invoice:

1. Go to Setup, Settings, Company, Credit Cards, Accepted.
2. Fill in the information in the table displayed:
   • Credit Card Name - Put the name you want to be displayed in the drop-down menu as a Payment Method
   • Currency - Enter the currency to be used for this payment method 
   • Asset Acct - Put the asset account to track the use of that type of sales
   • Discount Fee % - Enter the fee charged by your credit company for transactions
   • Expense Acct - Put the Expense account to track the fees related to your credit card
3. Click OK to confirm the change.
4. Create a new sales invoice and you will see that the new payment method is available in the drop-down menu.

If you need to record a payment paid by a shareholder or employee see How to record a payment paid directly by a shareholder/employee?