Supplier Definition

When you're preparing to enter a new supplier into the system, you first gather all the information that you need to track for the company with which you're doing business, such as:

• Identifying information, including status, class, and other basic business information that tells you what kind of supplier you're entering.

• Physical addresses for the supplier.

• Location information, including remit to and pricing locations.

• Procurement defaults that define your relationship with your supplier and tell the system how to handle purchasing and accounts payable transaction errors and approvals.

• Payment options that establish defaults for payment processing.

• Information used to process withholding.

• Information used to process VAT.

• SUT information.

• Supplier contacts.

• Supplier bank accounts used for EFT processing.