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Back to Financial Transactions Main Page

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Learn to configure Payment Methods

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Table of Contents

Table of Contents
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Navigating to Payment Methods

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CONFIGURATION > FINANCE APPLICATION > FINANCIAL TRANSACTIONS > SET UP PAYMENT METHODS

What are Payment Methods?

Payment Methods are the options available to customers for paying for Products. The Payment Method is defined during the creation of Payments.

  • Navigate to Payment Methods and explore existing records via the Summary page.  
  • Click on the link (name Name or numberNumber) of the record of your interest to enter the Data Entry page and see more detail.
  • Use the Actions Menu to create a NEW Payment Method, modify (EDIT) or DELETE an existing one.  
  • Use BACK to return to the Summary page and CANCEL  to revert any unwanted changes made to Payment Methods.   

Check the Validations & Restrictions Table below for a list of available Actions when working with Payment Methods including each Action's related validation, restrictions and additional information. View the Attributes Table for a comprehensive description of the Payment Methods fields.

PAYMENT METHODS

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Validations & Restrictions Table

ActionValidationsRestrictionsAdditional Information
General
  • Not Applicable
  • Multiple payment methods can exist in the system but each one should have a unique Name and Alternative Code.
  • Not Applicable
Create
  • Mandatory fields must be defined
  • NotApplicable
  • Not Applicable
Edit
  • Mandatory fields must be defined
  • NotApplicable
  • Not Applicable
Delete
  • Not Applicable
  • Payment Methods cannot be deleted if they are already used by Payments in a 'Draft' Life Cycle State or are classified as an Allowed Payment Method of a Financial Transaction Type.
  • Deleted Payment Methods are still visible on Payments created using those methods.

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Attributes Table

An * indicates a field is mandatory

Name

Description

Main Information
Name*The name of the Payment Method.
Alternative Code*

An alternative unique code for the Payment Method. Unless otherwise specified, the codes for new Payment Methods default to the Name's initials in capital letters.

DescriptionThe description of the Payment Method.
Log Information
Log DetailsThe standard set of Log Details information available in all entities  .
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