Screenshot:Payment Method

Payment Method

Organization : Organizational entity within client
Name : A non-unique identifier for a record/document often used as a search tool.
Description : A space to write additional related information.
Active : A flag indicating whether this record is available for use or de-activated.
Payment In Allowed
Automatic Receipt
Receive Payments in Multiple Currencies
Automatic Deposit
Execution Type
Execution Process
Deferred
Upon Receipt Use : Account used upon receipt
Upon Deposit Use : Account used upon deposit
Upon Reconciliation Use : Account used upon reconciliation
Payment Out Allowed
Automatic Payment
Make Payments in Multiple Currencies
Automatic Withdrawn
Execution Type
Execution Process
Deferred
Upon Payment Use : Account used upon payment
Upon Withdrawal Use : Account used upon withdrawal
Upon Reconciliation Use : Account to be used upon reconciliation
Payment Method : It is the method by which payment is expected to be made or received.
Client : Client for this installation.

Financial Account : Financial account used to deposit / withdrawal money such as bank accounts or petty cash
Active : A flag indicating whether this record is available for use or de-activated.
Payment In Allowed
Automatic Receipt
Automatic Deposit
Execution Type
Execution Process
Deferred
Upon Receipt Use : Account used upon receipt
Upon Deposit Use : Account used upon deposit
Upon Clearing Use : Account used upon clearing
Payment Out Allowed
Automatic Payment
Automatic Withdrawn
Execution Type
Execution Process
Deferred
Upon Payment Use : Account used upon payment
Upon Withdrawal Use : Account used upon withdrawal
OUT Upon Clearing Use : Account to be used upon clearing
Payment Method : It is the method by which payment is expected to be made or received.
Organization : Organizational entity within client
Financial Account's Payment Method
Client : Client for this installation.