To configure payment methods, you must have one of the following roles:
- Acquisitions Administrator
- General System Administrator
You can configure the payment methods that appear in the Payment method drop-down list when creating new invoices (see Creating an Invoice From a PO or Manually), or in the Payment Methods section when creating a new vendor account. The payment method designated as the default in the code table is selected by default when creating a new vendor account. If a payment method is defined as the default but it is not enabled, the first enabled payment method will be used.
You configure the payment methods on the Payment Method code table (Configuration Menu > Acquisitions > Invoices > Payment Method). For more information about code tables, see Code Tables.
Payment Method Code Table
You can enable or disable a payment method, select the default method to be displayed, and change the display names (Description).