Payment method is selected from a drop down list during transaction entry. The contents of that drop down list are defined in Setup > Loan Setup > Payment Method.
Click Add to add a new payment method. Enter a description for the new payment method, and click OK to add the new payment method to the list.
Fund Hold Days: This parameter relates to trust servicing. If you are servicing a loan for another lender, and all payments must be remitted to that lender upon receipt, the voucher for the remittance to the lender is delayed by this number of days to allow for the payment to clear. The voucher for the servicing fee would be offset by an associated hold voucher to indicate that the servicing fee was for a payment that had not yet been remitted to the lender.
Cash Drawer Transaction Type: When using cash drawers, the payment code can be set to register in a cash drawer as cash or check.