Setting Up Service Provider Records

Access the Address Book Revision form.

Select the Additional 1 tab.

Payables Y/N/M (payables yes/no/miscellaneous)

Enter a code that identifies the address as a supplier. Values are:

Y: Yes, this is a supplier. A processing option specifies whether the supplier master record appears automatically after you add an address.

N: No, this is not a supplier. This code does not prevent you from entering a voucher for the address.

M: This is a miscellaneous, one-time supplier. This code does not prevent you from entering multiple vouchers for the address.

F: This is a supplier with a foreign address. The IRS requires U.S. companies to identify suppliers with foreign addresses for 1099 reporting.

You should assign tax authorities as suppliers. This enables tax payments to be made to tax authorities.

Code N is informational only unless you set a processing option. In this case, a warning message appears if both the Payables and Receivables fields are N.

Complete this field to indicate whether the service provider receives payments from the company