Payment Methods

Payment Methods are the "how did this money move?" field on every payment in CifraHQ — Wire Transfer, Check, ACH, Cash, and any other form your business accepts or issues. Tagging payments by method takes seconds and unlocks meaningful cash-flow and collection reporting later.

Where to find it

Go to Master Data > Accounting > Payment Methods.

How to create a Payment Method

1. Click New.
2. Enter a Code (e.g., WIRE, CHECK, ACH, CASH).
3. Enter a Description (e.g., Wire Transfer, Company Check, ACH Transfer).
4. Optionally set it as the Default — the default method is pre-selected on every new payment document, saving a click for your most common payment type.
5. Save.

Setting the default

Click the Set Default toggle on the method you want as the primary choice. Only one method can be the default at a time.

Tips

• Payment methods are a reference field — selecting one on a payment does not change GL accounts or calculated amounts. Their value is purely for classification and reporting.
• Configure every method your Customers use so you can filter and report on your payment method mix — for example, see what percentage of Customers pay by ACH versus check.

Related: Invoice Payments · Bill Payments · Payment Brokers · Bank Transactions