Set Up Vendor Payment Methods

Payment methods identify how you are paying for something (for example, by cash, check, credit card, and so on). You can select a payment method when you make a payment from the Payments, Write Checks, or Purchases/Receive Inventory screens.

To set up vendor payment methods:

1. Go to the Vendors & Purchases Navigation Center, click the Vendors navigation aid, then select Set Up Vendor Defaults.
2. In the Vendor Defaults window, select the Pay Methods tab.
3. Enter up to 20 payment methods that your company accepts from customers. You must have at least one payment method.

These payment methods have automatically been set up for you: Cash, Check, AMEX, Discover, Mastercard, VISA, PayPal, and Electronic. You can edit or delete these as well as add more payment methods.

Tip: You should not delete or rename the Electronic payment method if you use Sage 50 Online Bill Pay. It's ok to change its order in the list though.
4. When finished, select OK to save your defaults.

Published: March 21, 2017
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