Enter a code and a description for the payment method.

Select the checkbox to indicate that the payment method can be used. It is selected by default.

No matter the checkbox is selected or unselected, the payment method always appears on the Payment Run tab of the Business Partner Master Data window.

When the checkbox status is updated from selected to unselected, the following happens:

When the checkbox status is updated from unselected to selected, the Active checkbox of this payment method on the Payment Run tab of the Business Partner Master Data window is selected, which means, if the Include checkbox is also selected, this payment method will be available for use in business partner master data and accounting documents that will then be fully available when you run the payment wizard.

From the dropdown list, select whether the payment method refers to outgoing payments or incoming payments.

From the dropdown list, select the way to make or receive payments in SAP Business One.

The dropdown list displays all the payment methods with the opposite payment type and the Bank Transfer payment means. Select a payment method as the negative payment method for the current payment method. In the system message, choose the Continue button to proceed.

If the current payment method is included for a business partner, the negative payment method you selected will be automatically included for the business partner. In the payment wizard, the negative payment method will be automatically used when the amount for the linked payment method is negative. For more information, see Paying Negative Totals Using the Payment Wizard.

Choose to open the Choose Bank window in which you select the required house bank account. Once you have made your choice, the bank details are displayed in the respective fields in the house bank section.

Alternatively, click in each field and select the required value.

You can choose the (Link to) button near the Bank or Account field to open the Banks – Setup window or the House Bank Accounts – Setup windows respectively.

Enter the key code to be used while the electronic file is produced.

Specify the transaction type to be used when the electronic file is produced.

Choose to open the List of File Formats window from which you can choose the required file format to be used when the electronic file is created for the bank.

This field is available only when the selected payment means is Bank Transfer .

Select to create a corresponding indication in the OPEX file created by the payment wizard, which uses this payment method. The Debit Memo indication is required for the Payment Engine add-on.

Specify the bank charge rate in percentage. For each single payment in the payment wizard, the bank charge is calculated as the payment amount multiplied by the bank charge rate.

Select the checkbox to group invoices for vendors by pay-to addresses, or to group invoices for customers by bill-to addresses. In the payment wizard, invoices with the same address are recommended to be paid in one payment.

You can define the pay-to address or bill-to address on the Logistics tab of invoices.

This checkbox is not available for incoming bank transfers.

Select the checkbox to group invoices for vendors by pay-to bank accounts. In the payment wizard, invoices with the same bank account are recommended to be paid in one payment.

You can define the pay-to bank account by choosing Bank in the Pay To dropdown list on the Logistics tab of invoices for vendors.

This checkbox is available only when the selected payment type is Outgoing.

Select the checkbox to group invoices by invoice currencies. In the payment wizard, invoices with the same currency are recommended to be paid in one payment. The default currency for the recommended payments is the invoice currency.

You can define the invoice currency in the general area of invoices.

This checkbox is not available for incoming bank transfers.

Select the checkbox to group invoices by due dates. In the payment wizard, invoices with the same due date are recommended to be paid in one payment.

You can define the due date in the general area of invoices.

This checkbox is not available for incoming bank transfers.

Select the checkbox to record the transaction created by the payment to the G/L interim account and not to the G/L account. You can find both G/L accounts that are linked to the bank account in the House Bank Accounts window ( Administration Setup Banking House Bank Accounts ).

This checkbox is available only when the selected payment means is Bank Transfer and Check.

Select the checkbox to verify whether the pay-to address of the vendor or the bill-to address of the customer is fully defined. To view the address, see the Pay to or Bill to fields Address Name, Address Type, Street / PO Box, Street No., Building/Floor/Room, Zip Code, City, State, and Country on the  Business Partners Business Partner Master Data Addresses tab.

Select the checkbox to verify whether the business partner's bank details are fully defined. To view the bank details, see the Business Partner Bank section on the  Business Partners Business Partner Master Data Payment Terms tab.

Select the checkbox to verifies whether the Collection Authorization checkbox is selected on the  Business Partners Business Partner Master Data Payment Run tab.

The Collection Authorization checkbox appears only in customer records, and therefore the Check Collection Authorization checkbox is relevant for incoming payments only.

Select the checkbox to block this payment method for business partners for whom the pay-to or bill-to country is different from the country defined for your company ( Administration System Initialization Company Details General tab).

Select the checkbox to block this payment method for business partners for whom the bank country ( Business Partners Business Partner Master Data Payment Terms tab) is different from the country defined for your company ( Administration System Initialization Company Details General tab).

You can restrict a payment method to certain currencies in which you make or receive payments.

Choose the (Browse) button to open the Currency Selection window, in which you select the currencies to be used by the current payment method. The selected currencies apply to both the business partner and the offsetting G/L account used for the journal entry created by the payment wizard.

Select the checkbox to verify whether the house bank account selected in the payment method is defined as Post Office in  Administration Setup Banking Banks .

Select one of the following options:

If these fields are blank, the check amount is unrestricted.