Payment methods allows you to decide which ledgers the payments made to their invoices are pushed to, on your Xero account.
TradeGecko has four types of Payment Methods by default: Cash, Credit Card, Paypal, and Bank Transfer. Find out how to set up more payment methods.
You can sync your payments with different ledger accounts on Xero. Here’s how:
Go to your Xero Settings under My Apps and click on Payment Methods.
Here you can link each payment method to a specific ledger account in Xero. Click Save Changes and you’re done.
If you choose not to link each Payment Method to a Ledger Account, all payment transaction will fallback to the default payment method, which is Cash.