Exercise 9: Adding Vendor Records

In the Home window, choose the Vendors icon. From the File menu or the toolbar, choose Create. On the Address tab. Click the Options tab. Click the Taxes tab, and in the Tax Code field, select GP (which specifies a GST of 7% and PST of 7%). Click the Statistics tab...
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Adding Vendors (4)

Reminders You can record and recall important information about the vendor on the Memo tab. You can import purchase invoices and quotes that your vendor sends you by e-mail, if both you and the vendor use Simply Accounting version 7.0 or higher and have MAPI-compatible e-mail programs, such as Microsoft Outlook Express or QUALCOMM Eudora. You can also e-mail purchase orders to your vendor that they can import into their Simply Accounting program....
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Adding Vendors (3)

Taxes On the Taxes tab, you enter information in these fields: Tax. This column lists all the taxes that you have set up for this company; it does not represent the taxes assigned to the tax code described later. You cannot edit this field. Tax Exempt. This column specifies whether purchases from this vendor are exempt from the selected tax. Click this field to set to Yes or No as follows:...
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Adding Vendors (2)

Calculate Discounts Before Tax. If the vendor calculates the early-payment discount on the full invoice amount, including tax, then leave this box unchecked. If the discount applies only to the amount before tax, then check the box. Clear Transactions When Paid. Check the box to have the transactions removed from the vendor records after they are fully paid. Or, leave the box blank to have the program retain the paid transaction details. Normally, you would leave this box unchecked so that you can see a list of paid invoices in the Payments window and on the Vendor Aged report....
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Adding Vendors

The Vendors window contains records of all the vendors (suppliers) with whom your company does business. Each record contains tabs on which you enter information about a vendor. You enter information in these fields: Vendor. Enter the vendors name. The program does not allow you to enter identical vendor names. Contact. Enter a contact name, usually the person you deal with most often when you write, phone, or e-mail the vendor....
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