Payment cheques are the traditional method for collecting regular and one-off payments. A payment cheque is a document, written and signed by a customer, instructing a bank or building society to debit your account and pay another person or organisation.
Difference in differences (DID or DD) is a statistical technique used in econometrics and quantitative research in the social sciences that attempts to mimic an experimental research design using observational study data, by studying the differential effect of a treatment on a 'treatment group' versus a 'control group'
1. Online bank transfers. Log in to your online account and select the option for making a payment.
2. Telephone transfers. Call your bank's telephone banking service.
3. In-branch bank transfers.
The cash method is the more commonly used method of accounting by small businesses.