Payment methods in SAP Business One is a collection of parameters that determine how invoices are processed using the Payment wizards be balanced. The aim is to automate payment transactions efficiently.
Features and functions
- Definitions: Payment methods contain the payment method code, a description, the Payment method (incoming or outgoing) and the payment method (e.g. cheque, bank transfer, bill of exchange).
- Payment methodsCredit cards and cash are not included in payment methods, but can be configured for manual payments.
- Currency selection: The "Currency selection" window can be used to define specific currencies for the payment method.
the Versino Financial Suite adds additional automation and validations such as IBAN creation and UID verification, which makes the payment process more secure and efficient.
Setting up a payment method
- AllocationPayment methods can be defined individually for customers and suppliers.
- integrationBank details must be stored in the business partner master data.
- payment assistantThe default payment method is defined when setting up the payment wizard to enable batch payments for cheques and transfers.
Two free webinars in July: Experience the Versino Financial Suite live
In 90-minute sessions, we will show you in a practical way how to automate your accounting in SAP Business One – on the 23rd...
E-Invoicing 2026: What is changing now for SMEs and SAP B1 users
The e-invoice has moved beyond the theoretical IT project phase. Since January 2025, the obligation to receive e-invoices applies to all domestic companies — ...
Netting in SAP Business One: What makes the Versino Financial Suite different
When a business partner is both a customer and a supplier, that sounds like a comfortable situation. You know each other, you trust...
Trial Balance in SAP Business One: What the Versino Financial Suite does differently – and why tax advisors notice
The Trial Balance is one of the oldest reports in accounting. Every accounting program has it, and SAP Business One itself...
Versino Financial Suite Version 05.2026: What's Changed
Version 05.2026 of the Versino Financial Suite brings two innovations that directly target time loss and system limitations in daily...
E-Invoicing 2026: From Receipt to Mandatory Issuance — what SMEs must clarify now
From 1 January 2025, every B2B company in Germany must be able to receive electronic invoices — regardless of turnover. One and a half years...
Links