If you and your bank agree to share information about customer payments by using files that can be sent electronically, you must set up the agreed file formats on relevant methods of payment. You can then export and import in a file format information about the customer payments that are made with these methods of payment.

1. Click Accounts receivable> Setup> Payment> Methods of payment .

2. Click CTRL+N to create a new line.

3. In the Method of paymentfield, enter a unique identifier for the new payment method and in the Descriptionfield, enter a description.

4. Enter appropriate values in the Period, Days of grace, and Payment statusfields, and in other fields, if appropriate. For details about each field, press F1 in the form.

5. To open the File formats for methods of paymentform, select the File formatstab and then click Setup.

6. On the Export totab, move (if necessary) an appropriate field format from the Availablepane to the Selectedpane.

7. Close the File formats for methods of paymentform.

8. For the new method of payment on the Methods of paymentform, select the appropriate file format value in the Export formatfield.