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Compare payment methods

Learn about the available payment methods. For payments you're about to make, use payment methods like Cheque or ACH. For payments you've already made (you're just recording them), use a payment method like Record transfer, Credit card, or Cash.

Available payment methods	Requirements	Next step (if payment approvals disabled)	Accounting impact
Cheque
Cheque	You print the cheques, stuff the envelopes, and mail the cheques.	To edit cheques: Accounts > Payable All > Payments > Payment requests > Edit. To print cheques: Accounts Payable > All > Cheques > Print cheques.	Merely printing and previewing a PDF of cheques has no effect on the General Ledger. Confirming cheques posts them to the General Ledger.
Joint cheque	When configuring Accounts Payable, select the Enable joint checks option.	Add joint payees to draft or posted AP supplier invoices. Select the Joint cheques payment method in Pay to set payment amounts.
Online
Standard ACH	Standard ACH is referred to as ACH in the Payment method fields. Standard ACH is automatically available when you subscribe to the Cash Management and Accounts Payable applications. Standard ACH is used to pay suppliers and reimburse employees. After setting up your bank account for ACH payments, enable your supplier or employee for ACH capabilities. Then, when it's time to make a payment, manually generate an ACH payment file and download it to send to your bank for processing. Learn more about standard ACH.	Create a file containing standard ACH payment requests: Cash Management > All > ACH > ACH file generation.	Generating a standard ACH file has no effect on the General Ledger. Confirming the standard ACH payment file (after your bank clears the payments) posts the payments to the General Ledger.
Supplier Payments powered by CSI ACH Cheque delivery Virtual card	Requires a subscription to Supplier Payments powered by CSI	CSI automatically sends payments after they are approved.	The service automatically posts payments to the General Ledger after payments have completed processing.
Other: Credit or debit card, record transfer, cash
Credit card	Record payments you've already made to suppliers.	Pay the credit card AP supplier invoice by creating a charge payoff.	When you record a payment you've already made to a supplier, you're adding a transaction to a credit card account. For accrual accounting, the associated credit card liability account is credited, and the associated payable liability account is debited.
Record transfer	Record transfers you've already made between credit card accounts, current accounts, or savings accounts. Learn more about Record transfer.	n/a	For accrual accounting, recording a transfer reduces the cash balance for the associated bank account and reduces the associated payable liability account.
Cash	Record payments you've already made.	n/a	For accrual accounting, recording a cash payment reduces the cash balance for the associated bank account and reduces the associated payable liability account.