"Payment method" and "Paid By" drop down list

Question

Hello, 
 I usually use the debit card or the e-transfer for the payment. 
 However, there are only 'Cash', 'Cheque' and 'Direct Deposit' on the 'Payment method' drop down list. 
 Can I use the credit card setting for the payment by debit card and e-transfer like this? 
 - 'Settings' - 'Company' - 'Credit Cards' - 'Used' 
 Then, 
 'Debit card' / 'E-transfer' on Credit Card Name 
 'Bank' on Payable Acct 
 'Bank charges' on Expense Acct 
 Thanks,

DanC · Accepted Answer

Hi Kaz 
 Of course you can! In case of debit card and e-transfer, I leave the bank charges field blank. 
 I also have a credit card named "Me", wich is linked to a 2xxx account named "Paid by me". I use this "card" when I pay expenses out of my own pocket, and after a while, the company reimburse me: all the details are on this account. 
 Regards, 
 Danielle

Smith and Co · Answer

Yes you can do that. You don't even need to enter an account number for Expense Acct column since the E-Transfer would not include an expense fee in the amount.

Sage 50 Canada

"Payment method" and "Paid By" drop down list

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