The vendor record has essential information that directly affects accounts payable transactions. In this section, we will cover the basic information that should be considered when creating a new vendor record.
In order to create a new vendor record, the user should navigate to Accounts Payable
| Vendors
| All vendors
, as shown in the following screenshot:
Note
On the vendor list page, press Alt + N to create a new vendor record, or click on New vendor
in the ribbon.
As shown in the following screenshot, when the vendor form is opened, under the General
fast tab, the mandatory fields are Vendor account
and Group
:
Vendor account
can be assigned manually or automatically through the number sequence.
Group
is a mandatory field that represents the vendor group that this particular vendor belongs to, and this is considered as the integration point between accounts payable and general ledger through the posting profile; however, the posting...