New DocType and accepting paymentso

I want to create a new DocType and accept payments against it. For example, say I create a docType ‘Insurance’ and need that listed in ‘Party Type’ dropdown of the ‘Payment Entry’ screen.

Also, please suggest documentation that I should go through in order to understand this better.

Thanks!

According to me, It’s completely irrelevant, Instead of adding insurance in Party Type, You can add ‘Insurance’ doctype in Reference. (Payment Entry Doctype)