Add a Default Payment Type for Vendors
This article will describe how you can add a default Payment Type for a Vendor.
1. Open an existing Vendor record
Go to Accounts Payable ➤ Vendors and double-click to open an existing Vendor record.
2. Add a Default Payment Type on the Vendor record
Click on the Account Info tab and change the Default Payment Type setting. Click OK to save.
Voucher Entry
When you create a new Voucher and enter the Vendor Name, you will see that the default Payment Type has been auto-selected.
You may change the Payment Type on the Voucher at any point prior to posting, however this will NOT update the Vendor record.
The Payment Type on the Voucher determines the GL account that is CREDITED when the Voucher is posted. This will bypass the standard process of printing A/P checks.
If you want to make a payment for the Voucher as part of an A/P check run (or other payment method), then the Vendor should have either "AP, Open" or "AP, Marked to Pay" selected.
