About Determining GL Account

Variations on default payment types (such as additional kinds of credit cards) are easily created based on the existing default payment types. For payment types that do not resemble payment types in the sample data, the creator of the new payment type should be certain to match payment types currently accepted in the organization's system to the related asset account to be debited in connection with receipt of payment. This issue can affect an organization's ability to reconcile accounts at the end of the month.

Note that if you enable organizational filtering for this payment type (see About Determining Filters), this payment type should be linked to a GL Account (e.g., a Cash account) that is linked to each parent Organization specified on the Filtering tab (or you can specify GL Accounts that are linked to no specific Organization).