Mode of Payment
Mode of Payment
The Mode of Payment stores the medium through which payments are made or received.
To access the Mode of Payment list, go to:
Home > Accounting > Settings > Mode of Payment
1. How to create a Mode of Payment
Go to the Mode of Payment list and click on New.
Enter a name for the Mode of Payment.
Set a type whether Cash, Bank, or General. This is useful for knowing the mode of payment used in Point of Sales (PoS).
Set a default payment Account for all the companies.
Save.
![](https://storage.crisp.chat/users/helpdesk/website/6f1c2c7b8034d000/13-7_3p1aqd.png)
Tip: Setting the default Account will this account fetched into Payment Entries.
![](https://storage.crisp.chat/users/helpdesk/website/6f1c2c7b8034d000/gif-13-2_ju9r4t.gif)
Note: When making Payment Entries, the default bank account will be fetched in the following order if set:
![](https://storage.crisp.chat/users/helpdesk/website/6f1c2c7b8034d000/image_1vstisb.png)
Updated on: 27/03/2023
Thank you!