Setup/Setting Up Payment Mode

5.0. Payment Mode Setup

Apply to Payment Mode



Alert
STEPS:
  1. Click SETUP activity
  2. Click ACCOUNTS
  3. Click PAYMENT MODE module
  4. Select Mode 1
  5. Click EDIT
  6. DESCRIPTION rename to UOB Bank
  7. Give a short description.
  8. You may setup UOB TT, UOB Giro, etc. if you would like to differentiate and have control over those modes.
  9. Otherwise, you can keep things simple by having a single mode for a bank account.
  10. TYPE 
    1. This set which document transaction the mode is for. Payment/Receipt or Petty Cash.
    2. AC is defaulted to CAS1000 UOB AC 123-45678-9 
    3. As this was default setup for Bank 1 Account, after renaming that account, you can see that it reflect here accordingly.
  11. BANK CHARGES A/C
    1. is defaulted to EXP1000 Bank Charges 
    2. This will set which expense account to post to when there is any bank charges incurred for payment.
    3. Example for TT payment.
    4. You may leave it blank if this is not required for your case.
  12. CHEQUE 
    1. Tick this box if you would like this mode to issue cheque in your payment.
  13. Click UPDATE
    1. This is to save your changes.
  14. Close the module

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