Supplier Payment Types

What this is

Supplier Payment Types define how suppliers are paid and allow you to assign a default GL bank account for each payment method. This helps standardize Accounts Payable processing and reduces manual selection during payment runs.

Where to find it

Navigate to:
Master Files → Suppliers

From the Supplier record, click the Supplier Payment Type hyperlink to view or manage Supplier Payment Types.

Fields explained

Supplier Payment Type Name

The name of the payment method (for example: ACH, Wire, SEPA, Check).
This is what users select on the Supplier record and during payment processing.

Default GL Bank Account

The General Ledger bank account that will be used by default when this payment type is selected.
This ensures payments post to the correct cash account without manual intervention.

Active

Checked: The payment type is available for use.
Unchecked: The payment type is inactive and cannot be selected for new payments.

Inactive payment types remain on existing records for historical accuracy.

Default for New Suppliers

When enabled, this payment type is automatically assigned to newly created suppliers.
This is useful for setting a standard payment method while allowing overrides per supplier.

How to create a Supplier Payment Type

Go to Master Files → Suppliers
Open any Supplier record
Click the Supplier Payment Type hyperlink
Click New Supplier Payment Type
Enter a Supplier Payment Type Name
Select the Default GL Bank Account
Confirm Active is checked
(Optional) Check Default for New Suppliers
Click Save

How Supplier Payment Types are used

Assigned on the Supplier record
Defaulted during payment runs
Drive which bank GL account is used for posting
Support multi-bank and multi-office payment workflows

Best practices

Create one payment type per payment method and bank combination if needed
Set a default payment type for new suppliers to reduce setup time
Deactivate unused payment types instead of deleting them
Review payment types when adding new bank accounts or offices