Maintain Vender Account

In maintain vender account we use perpetual system in which not use purchase name use only inventory like purchase new thing this entry is inventory to cash/ account payable

First step click on maintain bar and then  click vender

Maintain vender box are open

In which there are some header field and tabs. In header field we use close ,save, delete, new, event and help. Vender id  enter new id and name

In tab there are four tab

General

Purchase

Customer Field

History

General tabs

In General tab we are enter account number, address, city, and country

Purchase defaults

In purchase defaults we enter purchase account  which is already add in maintain chart of account the name is inventory

Customs fields

We enter customer more detail we are also change information in defaults   formation vendor

Defaults information of vender

Click maintain bar  then in bar show  defaults information

Click on vendor

There are four tabs

·         Payment Term

·         Account Aging

·         Customs Fields

·         1099 Setting

Payment terms

In standard term there are five radio box

C.O.D mean cash on delivery

Prepaid  in which we paid in advance payment

Due in number of day in which what date we paid amount  of vender in which have number of day , discount day and discount %  last in credit limit

Due on day of next month if this radio is select mean payment on next month in right side we enter day, discount% and discount day

Due at end of month mean last day of month when we paid them in right side we only enter discount day and %

Purchase account we enter inventory id which is already add in maintain chart of account and discount GL account

Account Aging

Account Aging Select this tab to set up how invoices are aged and what aging brackets will be used for Accounts Payable.

·         Invoice day

·         Due day

Invoice Date, this will show how old each vendor invoice is, including the age of any balances.

Due Date, this will show how overdue each vendor invoice is. Many people choose to age customers by Invoice Date and vendors by Due Date.

Customer field

In which provide vender  other information