Setting Up Supplier Data
Use the Supplier function (28.20.1) to set up codes representing the companies you purchase goods and services from. Suppliers are used in purchasing, accounts payable, Service and Support Management, and other functions.
Supplier addresses, like customer addresses, determine default field values and affect how supplier transactions are processed in the system. Remit-to addresses are used when payments created in accounts payable must be sent to an address other than the supplier address. Each supplier can have only one remit-to address. Remit-to addresses are defined in the business relation with an address type of remittance.
Before setting up suppliers, you must first define payment formats, payment groups, bank account numbers, and supplier types. These topics are described next.
Note: If you plan to generate 1099 tax reports in the United States, you must also set up purchase type codes.
Suppliers also require GL profiles for defining:
• Control accounts for invoices
• Control accounts for credit notes
• Supplier bank accounts
• Purchases accounts
You must set up the accounts and profiles before defining suppliers.