Use the
Vendor Types tab to assign default liability codes to
vendor types.
Contents
First set up liability codes on the Liability Codes tab.
| Field | Description |
|---|
| Type
|
Select the
vendor type to which you want to assign the liability code.
|
| Liability Code
|
Select the liability code to use when posting transactions to this
vendor type. If you use separate liability codes, it is useful to attach a liability code to the appropriate
vendor type. Then, the transaction entry supplies the liability code automatically for each
vendor.
For example, assume you have the following liability codes defined: Consult, Trade,
Employee, and Other. You may want to set up the following
vendor types:
- C:
Consultant
- T: Trade
- E:
Employee
- O: Other
|
