Overview
This program is used to add five parameters to the Vendor Classes that are set up and assigned to individual vendors in the Rootstock Purchasing module. These parameters are:
- The AP user responsible for the vendor’s account.
- The AP control account in the GL.
- The GL account to which inventory receipts will initially be credited prior to being matched to an invoice.
- The bank account from which the vendor will normally be paid.
- The GL account to which receipts will most commonly be debited.
Prerequisites
Financial Company Master: The Financial Company Master must exist for the Company with which the given Vendor Class Company record is being added.
Vendor Class: Vendor Class records must exist in order to be able to “extend” them for Financial Company-specific attributes
GL Accounts (Chart of Accounts): Appropriate GL Accounts that are needed for this functionality must exist
Bank Accounts: At least one Bank Account must exist that will be used as the Accounts Payable default for the given Vendor Class and Financial Company
Navigation
Financial System Admin > Vendor Class Company
ProcessingVendor Class Company – add or editFields
Vendor Class: Vendor Class established for the given Financial Company.
Company: The Financial Company that the given Vendor Class is associated.
AP User: The Responsible AP User responsible for this Vendor Class within the given Financial Company.
Accounts Payable Account: The Accounts Payable Account used for Payable Transactions for Vendors associated with the given Vendor Class and Financial Company.
Accrued AP Account: The Accrued AP Account used for Payable Transactions for Vendors associated with the given Vendor Class and Financial Company.
Bank Account Name: The default Bank Account used for payments for Vendors associated with the given Vendor Class and Financial Company.
GL Expense Account: The GL Expense Account used for Payable Transactions for Vendors associated with the given Vendor Class and Financial Company.
SEE ALSO
