Payment configuration is a critical aspect of financial management in business systems. Understanding how to set up and manage payment types and tender types can significantly streamline your sales and financial processes.

Payment Types and Tender Types: An Overview

In Merchanter, two key financial configurations exist:

• Payment Types: Credit payment terms for customers with credit accounts
• Tender Types: Specific payment methods like cash, credit card, or bank transfer

Configuration Permissions

These settings are typically restricted to Prime Users with administrative access. Only users with elevated permissions can modify these critical financial configurations.

Creating Custom Payment Types: Step-by-Step Guide

1. Navigate to the system's Settings area
2. Select the ‘Financial Settings’ section
3. Locate the Payment Type or Tender Type configuration panel
4. Choose “New”
5. Define the payment method's specific parameters
6. Save and validate the new configuration

Best Practices

• Maintain clear, descriptive names for each payment type
• Ensure new payment types align with existing financial reporting structures
• Regularly review and audit payment configurations