• Leaving the Use last transaction entry check box checked (the default setting in Setup) will create each individual transaction with transaction information (amount, memo, etc.) carried from the last transaction created for this payee. This information can be changed in the appropriate dialog box used to create or edit any particular transaction.
  
• Unchecking the Use last transaction entry check box will allow you to fill in the fields for Category, Amount, Memo, and Reference so that each and every transaction for this payee has the same financial information set by default. This setting means that the financial information will default to these settings for each transaction you create for this payee, but the information may be changed for any individual transaction. This setting is probably most useful for repeat payments that don't usually change their type or amount, such as rent, mortgage or loan payments.
  
• Check draft settings allows you to enter the bank name, country, checking account type and bank information for the payee so that you may also use them as a payor for creating check drafts. Enter a bank name and country and a sample check number. To enter the Bank code line, use the 3 symbol buttons at the bottom of the window along with your numeric keys of your keyboard to enter the bank line.

To add additional information to the Payee Setup, use the General, Miscellaneous and Customer Information tabs.