Use vendor classes to group vendors for reporting purposes. For example, Inventory, Utilities, Subcontractors or General.
Inventory Reports, such as the AP Aging, Cash Requirements Journal and Vendor Invoice Register, can also be grouped by vendor class.
-
Create a New Vendor Class
-
To add a new Vendor Class, go to Administration > Accounting > General Setup > Vendor Classes and click Add. Enter the name of the vendor class and click OK to save. You may update vendor classes at any time by highlighting the vendor class and clicking Update.
-
Assign the New Class to your Vendor's Profile
-
After creating your vendor classes, go to Administration > Accounting > Accounts Payable > Search Vendors and select a vendor. On the Options menu, select a vendor class from the drop-down menu.
This video covers both store classes and vendor classes.
Security Permissions Required
| Category |
Function |
| Administration – Accounting |
*Can Access Accounting Tree Branch |
Related Reports
-
Accounts Payable Aging (Administration > Accounting > Accounts Payable > Accounts Payable Aging): View all outstanding balances due to vendors as of a specific date. Report shows days past due and amount owed.
-
Cash Requirements Report (Administration > Reports > Accounting > Accounts Payable > Cash Requirements): Displays cash requirements for inventory and other type bills filtered by store, employee, vendor, vendor class and invoice type.
-
Accounts Payable Invoice Register (Administration > Reports > Accounting > Accounts Payable > Accounts Payable Invoice Register): The AP Invoice Register displays all vendor invoices in any status for a given time frame.