Edit Payment Methods

Posted by Haskel LaPort on June 27, 2009, 9:59 pm

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>>I have QB 2009 and I would like to add a payment method. Right now

>> check and credit card are my only options in the Pay Vendor screen. I

>> want to add "Online Payment" to the options.

>> Thanks

> When making an online payment you would ultimately use either a credit

> card or checking account to do this. If a card just enter it as a charge

> like any other. If it is a checking account what I do is have a series of

> check numbers, like EFT1234, etc. The EFT in my mind stands for electronic

> file transfer. Then just enter them as checks with those numbers.

> --

> Ron Anderson A1 Sewing Machine

> 18 Dingman Rd Sand Lake, NY 12153

> http://www.a1sewingmachine.com

I simply enter the letter E since the actual debit on the bank statement
will not have a code I can match it with. As an accountant I perform quite
a few bank reconciliations each year. It sure would be nice if some method
were designed by the banking industry so the customer and the bank have some
sort of sequential code attached to each transaction just like check numbers
for charges other than checks.

Posted by Ron Anderson on June 28, 2009, 11:43 am

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>> When making an online payment you would ultimately use either a credit

>> card or checking account to do this. If a card just enter it as a charge

>> like any other. If it is a checking account what I do is have a series of

>> check numbers, like EFT1234, etc. The EFT in my mind stands for

>> electronic file transfer. Then just enter them as checks with those

>> numbers.

>> --

>> Ron Anderson A1 Sewing Machine

>> 18 Dingman Rd Sand Lake, NY 12153

>> http://www.a1sewingmachine.com

> I simply enter the letter E since the actual debit on the bank statement

> will not have a code I can match it with. As an accountant I perform

> quite a few bank reconciliations each year. It sure would be nice if some

> method were designed by the banking industry so the customer and the bank

> have some sort of sequential code attached to each transaction just like

> check numbers for charges other than checks.

I agree with that. Would make life much easier, especially when there is a
discrepancy to locate.

--
Ron Anderson A1 Sewing Machine
18 Dingman Rd Sand Lake, NY 12153
http://www.a1sewingmachine.com