Payment Type

Specify the types of payments accepted by your company to be applied as payments to invoices, on account and on the web. Payment totals will be grouped by payment types for deposits and How To Balance Out at Monthend as well as the option to associate each payment type on your general ledger.

Navigate To: System>Configuration>Code Maintenance>Accounting>Payment Types

Enter a unique 2-digit code.
Enter the payment type description.
If this is a payment type accepted for web orders, select Web.
To render an existing payment type inactive, remove the active flag. Inactive payment types will be displayed in red.
Save and repeat for all payment types.