default Information of Vendors

To maintain the default information of vendors click on “Maintain” from menu bar then select the option of “ Default information” and fromside menu option of “Vendors” like below

After that the following window will appear

The first tab is about the payment terms C.O.D (cash on delivery)..if you select this option, it means you will pay cash to this vendor on delivery..Second option is the “PREPAID” if you select this option,it means you will make the payment in advance..in the option of “Due in number of days” you will also set the credit limit..In this option you will have to select the due days number and the number of days in which discount will received and also the percentage of discount and credit limit..In the option of “Due on day of net month” you will have to select the date of next month when the payment becomes due..After that the option of “Due at end of month” it means the payment becomes due at end of month ,in this option there is no need of any date..

It is your choice which option will you choose..after choosing any option you will have to choose the Purchase account and also the discount general ledger account..weather you choose the discount option or not but you have to give the id of discount general ledger account otherwise the process will not be completed..

After that move on to next tab

In this window there are two options of age invoices by

. Invoice date

. Due date

After giving that information click on the next tab like below..

In this tab you have fields available and you can enter extra information about vendor or vendor as you want..you can enable or disable anyfield,these fields are shown in vendors custom fields tab,After that click on the next tab like below

This tab lets you make 1099 settings for your general ledger accounts,you can give GL accounts ID and description which you saved whilw making chart of accounts,after completing the information click on “OK” to save the settings..

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