What is the purpose of "Payment method" field in the Expense form? I can select Cash, Check, Credit Card from the drop down list, but why is this field useful?

Hello, rhennies-outlook.

I'd like to share important details about the purpose of the Payment method field on the Expense form. 

As the name suggests, the purpose of the Payment method field lets you track the payment method used on a certain transaction. 

This is useful if you want to see the payment method used on expenses and review them for audit-related purposes. If you need to do so, we can certain reports to see all of the listed transactions with specific payment methods. 

An example of such report is the Transaction Detail by Account. Here's how to run and customize it: 

1. Go to Reports.
2. In the search box, type "Transactions Detail by Account" then click the result. 
3. Click the Customize button.
4. Expand the Rows/Columns section, then check Payment Method. 
5. Expand the Filter section, then check Payment Method.
6. Specify the payment method you want to see on the report.
7. Click Run report.

I should also point out that not all reports have the Payment method filter or column. 

If you don't track the payment method, we can leave it as blank and simply fill out any other important fields on the Expense form. 

If you need help running other reports to see relevant data in QuickBooks, let's check out this article: Run reports in QuickBooks Online.

Want to save your customization settings for future viewing? There's also an option to memorize reports. This article will tell us more about it: Memorize reports in QuickBooks Online. 

Let me know if you have any other concerns regarding other fields in the Expense form. If you do have questions recording your entries, add the details to your reply and I'll help you out.