Adding Vendor Records

Use the Vendors form to add records for your vendors to Accounts Payable. You must add vendor records before you can enter and process transactions in Accounts Payable.

Before adding a vendor record

• Add Accounts Payable tax groups and other tax information to Tax Services.
• Add the vendor group, account set, distribution codes, distribution set, bank code, terms code, optional fields, and tax group you want to assign to the vendor.
• Decide on the vendor number and the name and short name to enter for the vendor. You must enter a number and name for each vendor before you can add the record. Short names are optional.

Multicurrency ledgers

If you are creating a multicurrency Accounts Payable ledger, you must assign an account set that uses the vendor's currency. You must also know the rate type to use for vendors with different source currencies.

Adding statistics

If you want to enter statistics for vendors, select the Allow Edit Of Statistics option on the Processing tab of the Options form before you continue.