None – Check this option if not using EFT (Electronic Funds Transfer) to pay this vendor. All payable transactions posted to this vendor must be paid with a manual or computer-generated check.

Prenote – Check this option if this vendor is in the “prenote” stage of validating data with the bank for EFT. All payable transactions posted to this vendor must be paid with a manual or computer-generated check. Default Payment Method will be “Check”.

Active – Check this option if you are using EFT to pay this vendor. All payable transactions posted to this vendor will default to Payment Method of “EFT”, but may be overridden to “check” or “manual”.