COMPANY SETTINGS - Vendors

Establish default settings / preferences for setting up new Vendors

• Purchasing
  • establish the Default G/L Expense Account which will be used in the event an GL Expense Account is not assigned in the Vendor record
  • assign the default Credit Type for setting up new Vendors
    • No Credit
    • Unlimited Credit
    • Limited Credit - assign the default Credit Limit for setting up new Vendors with Limited Credit
• Taxes - establish up to 4 taxes to be selected from, when setting up a new Vendor (used in Accounts Payable and Purchase Orders)