Events
Mar 31, 11 PM - Apr 2, 11 PM
The ultimate Microsoft Fabric, Power BI, SQL, and AI community-led event. March 31 to April 2, 2025.
Register todayThis browser is no longer supported.
Upgrade to Microsoft Edge to take advantage of the latest features, security updates, and technical support.
Payment methods define the way you prefer for customers to pay you, and how you like to pay your vendors. The method can vary for each customer or vendor. Examples of typical payment methods are bank, cash, check, or account.
You can assign a payment method to customers and vendors so that the same method is always used on the sales and purchase documents you create for them. If needed, you can change the method on the sales or purchase document. For example, if you want to pay a particular purchase invoice in cash rather than by check. The default payment method assigned to the vendor doesn't change.
The same payment methods are used for sales and purchase documents. For example, a cash payment method is used to make payments and to receive them. Business Central knows that when you're creating a sales invoice you expect to receive payment, and the opposite for purchase invoices.
Credit memos for returns, however, are exceptions because money is flowing in the opposite directions, from you to your customer and from your vendor to you. Therefore, a default payment method isn't assigned to credit memos. There is, however, a workaround. You can specify terms of payment for the customer or vendor. Though the Calc. Pmt. Disc. on Cr. Memos field isn't intended for this workaround, if you choose the checkbox on the Payment Terms page a default payment method is added when you create a credit memo.
Business Central provides a few payment methods that businesses often use. You can, however, add as many as you need.
Optionally, add payment terms to your payment method. For more information, see Set Up Payment Terms.
Register New Customers
Set Up Payment Terms
Finance
Work with Business Central
Events
Mar 31, 11 PM - Apr 2, 11 PM
The ultimate Microsoft Fabric, Power BI, SQL, and AI community-led event. March 31 to April 2, 2025.
Register todayTraining
Learning path
Process customer and vendor payments in Microsoft Dynamics 365 Business Central - Training
Do you receive payments from customers and pay vendors? This module will help you track both in cash management and process those transactions as necessary in Business Central.
Certification
Microsoft Certified: Dynamics 365 Business Central Functional Consultant Associate - Certifications
As a functional consultant, you implement core application setup processes for small and medium businesses. You configure the application in collaboration with the implementation team to provide the business with manageability and ease of use.