Payment Method in CustomBooks™
A Payment Method refers to the type of transaction or instrument used to settle financial obligations, such as paying a bill, invoice, or receiving payments from customers. It specifies how the payment is made, whether through cash, electronic transfers, credit cards, or other forms of payment.
Default Payment Methods in CustomBooks™
CustomBooks™ comes with default Payment Methods, including:
- American Express
- Cash
- Check
- Credit/Debit Card
- Discover
- MasterCard
- PayPal
- Visa
Viewing Payment Methods
To view the list of Payment Methods:
- Navigate to Lists > Payment Methods.

Creating a Payment Method
To add a new Payment Method:
- Navigate to Lists > Payment Methods.
- Click Create > New.
- Enter the Payment Method Description.
- Optionally, check the "Exclude from 1099" box to exclude the payment method from 1099 reporting.
- Click Save or Save and Close.

You can also create a Payment Method on the fly by clicking the green plus icon in the Payment Method dropdown field.

Deactivating a Payment Method
To deactivate a Payment Method:
- Navigate to Lists > Payment Methods.
- Open the Payment Method you wish to deactivate.
- Check the Inactive box.
- Click Save or Save and Close.
