Setting up Recipient Payment Information
Payment methods in Continia Banking define how you pay your vendors, customers, and employees for products or services. These methods can be assigned to vendor, customer, and employee cards, or directly to purchase documents, ensuring that payments follow the specified method automatically. When you set up your bank accounts with Continia Banking, several predefined payment methods supported by your bank will be imported.
Note
If a required payment method is not available in the default list, your Continia partner should contact Continia to inquire about the possibility of adding it to the default list. Continia maintains the default payment methods to meet bank requirements.
After having completed the installation of Continia Banking, you must change the payment method defined for your existing vendors, customers, and employees to those supported by Continia Banking, as the solution only runs with these methods.
To set up payment methods and preferred bank accounts for customers, vendors, and employees:
Use the
icon, search for Assisted Setup, and then select the related link.Navigate to the Continia Banking section and select Set up Recipient Payment Information.
The wizard provides a step-by-step guide to update payment methods that are not supported by Continia Banking, and to modify the details as required. It enables you to review the suggested updates for vendors, customers, and employees, make any necessary modifications to payment methods, and assign preferred bank accounts if required. Once you finalize the process, by default, all the open ledger entries will be automatically updated with the preferred bank accounts and payment methods.
Important
The updates will only be applied if you complete all the steps in the wizard and select Finish.