A vendor is someone who you are paying for goods or services using the Accounts Payable (AP) module. A vendor must exist in the system before a bill can be entered and check issued.
The vendor module can be used to add, edit or delete vendors, view the history of the vendors including checks paid, and generate mailing labels.
On the Vendor Profile,you can set if the vendor is to receive a 1099 and if they're eligible for EDD reporting. You can also opt to assign a default general ledger (GL) distribution expense account to invoices to make it easy and consistent to charge them to the same GL account each time.
Vendors are global in your system, meaning they only need to be entered once, but can be used throughout the entire portfolio.
To see a full list of Vendor related articles, click here.