Default Vendor Payment Accounts

You can set a Vendor Payment Account preference. After you set the Vendor Payment Account preference, NetSuite automatically sets the Account field on vendor prepayments and bill payments to your preferred account.

You can set the default vendor payment account on three levels:

• Company level – Set a company-wide accounting preference. For more information, see Setting a Company Level Default Vendor Payment Account.

• Subsidiary level – Set preferences at the subsidiary level. For more information, see Setting a Default Vendor Payment Account for a Single Subsidiary.

• Vendor level – Set a preference for individual vendors. For more information, see Setting a Default Vendor Payment Account for a Single Vendor.

Individual preferences override preferences set on a higher level. For example, a default vendor payment account set for a vendor overrides any company level or subsidiary level preferences for that individual vendor.

The preferences affect the Account field on the following transaction types:

• Vendor prepayments

• Bill payments

Related Topics

• Vendor Payments Overview
• Paying Bills to a Single Vendor
• Paying Bills to Multiple Vendors
• Checking the Status of a Bill Payment
• Editing a Bill Payment
• Correcting Bill Payment Applications
• Printing Bill Payments
• Printing Bill Payment Vouchers
• Vendor Payment Installments
• In-Transit Payments
• Custom Workflow-Based Approvals for Vendor Payments
• Vendor Payments

General Notices