Payment Method Type-GL Account ID Defaults

Examples of payment method are cash, check, electronic fund transfer etc. This preset allows you to link a specific payment method to a particular GL Account. This will be especially useful in the case of ecommerce sales, where the customers make payments online.

To set up a default, choose a Payment Method and the GL Account ID to link to, and click Create.

* * A Payment Method can only be linked to one GL Account ID. However, several Payment Methods can be linked to the same GL Account ID. * The GL Account ID default for the Payment Method in FINANCE > Global GL Settings will be shown alongside, if already set up. Otherwise, it will show a blank over here, as highlighted

.These defaults can not be updated. You must remove the setting by clicking the Remove link against it and set up the new default.