Payment Method

Overview

allowable Payment Methods by Document Type
default Bank by Payment Method
whether or not the Foreign Draft and Wire tabs are required to be completed on the DV when Payment Method is Foreign Draft or Wire
whether or not the Wire Transfer tab is required to be completed on the PREQ when Payment Method is Wire
whether or not the Payment Method can be set as the default on a Vendor

For additional information refer to Additional Payment Methods.

Check / ACH, Foreign Draft, Wire and External are the payment methods currently supported.

Fields are self explanatory. Couple items to note:

Bank Code: When this Payment Method is selected, the Bank Code will default to the value specified, unless a default payment method is defined for the vendor. If blank and not defined for the vendor, the Bank will default based on the value in parameter DEFAULT_BANK_BY_DOCUMENT_TYPE.
Display on DV / PREQ / CM / Vendor: Indicates on which document the payment method can be selected.
- Wire, Foreign Draft and External are not supported on Credit Memo.
- Foreign Draft is not supported on Payment Request or Credit Memo.
Additional Disbursement Voucher Data: This field controls whether or not the Foreign Draft or Wire tabs are required when Foreign Draft or Wire payment methods are selected.
- Not Applicable: should be selected when the Payment Method is Check / ACH or External.
- Optional: completing the Foreign Draft / Wire tabs is optional
- Required: completing the Foreign Draft / Wire tabs is required.
Additional Payment Request Data: This field controls whether or not the Wire tab is required when Wire payment method is selected.
- Not Applicable: should be selected when the Payment Method is Check / ACH or External.
- Optional: completing the Wire tab is optional.
- Required: completing the Wire tab is required.