Create payment methods

Open: Common data > BP tables > Payment methods (GESTAM)

The payment methods you create are used when creating payment terms in the next section. This allows you to run the automatic Payment proposal function (Paypropal) to generate open items linked to a payment method that is listed in the payment entry transaction.

If you have suppliers that you want to pay with the 94-character fixed format (94c) and others with the MTS,(XML) format, you need to create separate payment methods and separate payment entry transactions to have a full automatic process from creating the payment to creating the remittance and generating the bank file.

You can create three payment methods for USA legislation:

• ACH – This method is used for ACH formats, fixed 94-character, or XML.
• CHK – This method is used for electronic checks.
• MTS – This method is used for XML MTS formats.

For each payment method:

• Set Legislation to USA.
• Enter a Description and a Short description.
• Select the Active checkbox.
• Set the Swiss payment type to Non-ISR.