How to Create the Supplier Payment method in Oracle Fusion

How to Create the Payment method in Oracle Fusion

Hi friends, we are going to discuss about How to Create the Payment method in Oracle Fusion. We will share the detail steps to create the payment method in oracle fusion. Supplier Payment Method is a Medium by which the first party payer, makes a Payment to a third party payee, such as a supplier. As per our requirement , we can create the new payment methods for the suppliers and then make the payment for that supplier in oracle fusion. Payment Method we do create for supplier payments. You can use a payment method to pay one or more suppliers. Oracle Payments supports several payment methods for funds disbursement, including the following. Please find below the complete detail about how to Create the Payment method in Oracle Fusion,

4 Types of Payment Methods in oracle apps

1.Check

2.Electronic (EFT)

3.Wire

4.Clearing

Steps to create the new Supplier Payment Method in Oracle Fusion

Step 1:- Go to Setup and Maintenance ==> Financials.

Search Tasks: Manage Payment Methods.

How to Create the Supplier Payment method in Oracle Fusion

Step 2:- As below is the task 'Manage Payment Methods'.

How to Create the Supplier Payment method in Oracle Fusion

Step 3:- Here we can find out the the already created payment methods in oracle fusion.

To create the new Payment Method in oracle fusion, We need to click on the '+' icon.

How to Create the Supplier Payment method in Oracle Fusion

Step 4:- 

Here below , we are creating the payment method. We are defining the payment methods for 'Check'.

How to Create the Supplier Payment method in Oracle Fusion

Step 5:- 

Creating Payment Method as below in oracle fusion.

How to Create the Supplier Payment method in Oracle Fusion