Vendor Records
The information in the vendor file enables A/P to automatically pay invoices within the vendor’s terms and take advantage of vendor discounts. The vendor file also tracks vendor purchases, payments, and discounts, and allows you to view the vendor’s payment history.
To save time, you can enter a search name (or short version of the vendor’s name) to quickly access the vendor during routine processing. The search name makes it easy to remember and retrieve your vendors.
Entering default information (such as discount types and standard account numbers) streamlines the invoice entry process by pre-filling standard information from the vendor’s file.