Create new payable payment method ie: Interac Transfer or EFT

Question

Our company started paying vendors via Interac or EFT's instead of cheques only. I tried to create a new payment method, but I cannot figure out how. I understand that it maybe quite simple, but I don't see it. I looked in Settings, Payables, Banking, and I cannot find out how. I feel a bit silly asking this question. Can someone help me with this? Thanks

Agate · Answer

Hi Natalie: 
 To setup a new payment amount go to setup, settings company, credit cards and create Interac and EFT's as credit cards but enter the bank account number associated with Interac and EFT's. Another way to do this is choose cash and just note where the invoice number is placed and add a prefix EFT or Interac to the invoice number without creating a new payment method as in my first example. 
 Hope this helps!

Sage 50 Canada

Create new payable payment method ie: Interac Transfer or EFT

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