Vendor Types and Liability Codes

As part of Accounting, you can define vendor types and liability codes to simplify the entry of AP vouchers.

You set up vendor types on the Vendor Types tab of Settings > Advanced Accounting > System AP in the DPS Desktop. You then set up liability codes on the Liability Codes tab of Settings > Accounting > Company AP in the DPS Desktop. Each liability code is associated with an account number from your general ledger. You use the Vendor Types tab of Settings > Accounting > Company AP to associate each vendor type with a liability code (and account number).

When you enter a vendor in AP Vouchers Transaction Entry in the DPS Desktop, DPS inserts the associated liability code for the vendor type defined in the Firm Hub for the selected vendor in the AP Liability field. The account number associated with the liability code receives the credit (implicit) when you post the AP voucher.

You can change the default liability code during transaction entry.