Transaction methods are the way someone provides payment. For example, credit card, check, etc. They are used with receivable transaction types to process payments.
Add a Transaction Method
- Click the Transaction Methods link under System Administration from the Main Menu. The Transaction Methods screen opens.
- Click the Add button. The Add Transaction Method screen opens.
- Enter the necessary information:
- Description - Name of the transaction method.
- Card Type - Credit card type if the transaction method is a credit or debit card transaction.
- Status - Only active transaction methods are available for selection when setting up receivable transaction types.
- Code - Unique alphanumeric code.
- Click OK.
Change a Transaction Method
You can change the information for a transaction method after you have created it. When you change the information for a transaction method, it updates wherever the transaction method is used. If you don't want to update the already existing transaction method data, then you must add a new transaction method using the steps in Add a Transaction Method.
- Click the Transaction Methods link under System Administration from the Main Menu. The Transaction Methods screen opens.
- Select the transaction method to edit.
- Right-click and select Edit. The Edit Transaction Method screen opens.
- Make the desired change.
- Click OK.
Inactivate a Transaction Method
If you no longer use a transaction method but want to keep record of it for reporting or other purposes, you can make it inactive. When you make a transaction method inactive, it is no longer available for selection for receivable transaction types.
- Click the Transaction Methods link under System Administration from the Main Menu. The Transaction Methods screen opens.
- Select the transaction method to make inactive.
- Right-click and select Edit. The Edit Transaction Method screen opens.
- Select Inactive from the Status drop-down.
- Click OK.
Delete a Transaction Method
If you no longer use a transaction method and don't want to keep a record of it, you can delete it. You cannot undo the delete process.
- Click the Transaction Methods link under System Administration from the Main Menu. The Transaction Methods screen opens.
- Right-click on the transaction method to delete.
- Select Mark for Delete.
- Click the Save button.
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