- Navigate to the Account Tab and click the "New" button
- Set the Accounting Type as "Vendor" or "Customer and Vendor" (The Accounting Active checkbox will automatically change to checked when the type is set)
- Enter any of the optional Fields below
- Click "Save"
Flows through to the Vendor Contact/Address of a Purchase Order and Payable
Default Expense GL Account
When entering a Payable, the GL account will default to this
When checked, this vendor will be part of the 1099 data file.
Default 1099 Box
If this vendor is a 1099 vendor, select the appropriate reporting line
Taxpayer Identification Number
If this vendor is a 1099 vendor, enter their Tax ID number here. You may also want to attach the W9 to this account. It is highly recommended that you have this field encrypted by Salesforce support or restrict the visibility of this field by profile using field level security.
Payable Due Days
The number of days from the issue date that the invoice is due within: Example "30". This is used to default the due date when creating Payables. Note: this updates the due date upon creation of a Payable. If the issue date is edited after creation, the due date will not update automatically.
Payable Discount Days Due
The number of days from the issue date that you would have to pay within to get a discount: Example: "10". Used in calculating payment discounts.
Payable Discount %
The percent discount you will receive if you pay the vendor within the number of days entered in the Payable Discount Days Due field: Example "2" would give a discount of 2%
The Account object serves as both a Customer and Vendor in Accounting Seed.