Payment Modes Single Dialog Workspace

Use this workspace to create the payment modes that you can select in the Payment Mode field elsewhere in Maconomy. A payment mode determines how a vendor is paid.

You create a payment mode with a name, a description, and a payment form that specifies whether it is manual or automatic.

If you want to send remittances to recipients for this payment mode, you must fill in the fields in the sub-tab. This is where you define line types, prefixes, suffixes, and margins for remittance text.

Maconomy uses the fields in the Electronic Payment Control island and the last four fields in the Remittance island to create headings for electronic payments. For auditing purposes, it is important that you print and file your payment mode information every time that you make changes in this workspace.