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How do I create a new vendor?

Use Vendor In Legal Entity: it creates the shared vendor and its record in your company together. Give Payment Term, Payment Method and Currency, or the vendor cannot be invoiced.

Screen
Vendor In Legal Entity (Accounts Payable › Vendor)
Who
The vendor master keeper
Takes effect
On save

Before you start​

  • Know the vendor's registrations its group requires (tax numbers).

Steps​

  1. Open Vendor In Legal Entity and create.
  2. Type Name, pick Vendor Category and Vendor Group. Example: "Al Noor Packaging", Organization, Local Suppliers.
  3. On Invoicing / Payment pick Payment Term and Payment Method. Example: 30 Days, Cheque.
  4. On Purchase pick Currency. Tick Foreign Vendor for an import supplier.
  5. On Payment add the withholding tax codes that apply and tick Default.
  6. Fill Address, Contacts, Bank Information and Registration.
  7. Save. A vendor group's required registration or address detail refuses the save until given.

Check it worked​

  • The vendor appears in the Vendor list of a new Vendor Invoice, and picking it fills the payment term and method.

If something looks wrong​

  • "Registration - Registration Authority ... of Registration Group ... is mandatory" Add the registration.
  • "Similar Vendor No. already exsists" Use another number.
  • For another company of the group, release the same vendor on Release Vendor In Legal Entity.