Payment methods 

The payment method specifies the procedure, such as check, transfer or bill of exchange, by which payments are made.

The following payment methods are usual in Accounts Payable and Accounts Receivable:

Payment Methods in the System

Accounts payable	Accounts receivable
Check	Bank collection
Transfer	Bank Direct Debit
Postal giro transfer	Refund by check
Bills of Exchange	Refund by bank transfer
Check/bill of exchange	Bank bills Bill of exchange payment request

You define the payment methods in two steps:

...

       1.      You first make all the specifications that are required for each payment method in each country. This is necessary for all the payment methods used by your organization in each country. If you have companies (company codes) in Germany, France and the USA for example, you define the payment method "check" for each country.

       2.      You then define the payment methods you use for each company code. When in this configuration function, you also specify the conditions of their use.

For more information, see Notes for the Payment Method