Maintain Vendor Account

In Perpetual Inventory System we use entry without debiting purchases we use inventory to debiting and credit cash / account payable.

First we have to click on Maintain the following window will appear.

In this Vendor ID firstly we have make then Name of the vendor we mentioned in this the following window will appear.

After this we have to mention all the information which we see in tabs.

In General tab we gather information of vender contact, account number, address, country, fax, E-mail and Web Site.

After this another tab which is about Purchase Defaults in which the information purchase representative, accounts, tax ID number and Ship Via information is given .

The following window will appear as follows.

After this tab is about Custom Fields is in which the information about vendor which we set in default information.

After this if we want to change and gather more information about vendor then we have to follow this procedure such as mention in window.

By clicking on this we find the following window as.

In this first we should enter information about different tabs e.g. Payment Terms, Account Aging, and Custom Fields.

The first from which we start Payment Terms in which the following information is to edit.

C.O.D in which cash on delivery information is provided

Prepaid in which payment in advance to vendor is provided.

Due in number of days in net due days, discount number of days, discount percentage and credit limit information is given.

Due on day of next month in due on the date of next month, discount in days, discount percentage and credit limit information provided.

Due at end of month in which discount number of days, discount percentage and credit limit is given.

After the following purchase account and discount GL account.

After this Account Aging in which following window will appear.

Age invoices follow two procedures whether Invoice Date or Due Date.

After this you have to follow Custom Field which follows the following window.

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In this window the following related vendor records.