Vendor Information
Here in this module the details of the Vendor are feed in. The User can create a New Vendor, modify the existing Vendor and Delete the Vendor from the Existing Vendor List.

How to create a New Vendor?

Step 1:
By clicking the new option in this module, the User will be able to create a New Vendor. The Details are of Other Info, Contact/Location and Ledger. First the User should fill in the General Information which has Name, Address, Phone, Class etc.,

Step 2:
Secondly in the other Info the, User has to fill in details of the Vendor's Payment Method like Terms, Credit Limit, Preferred Pay Mode, Opening Balance(Debit or Credit) and Currency.

• In Credit Limit, user can specify the Vendor's Credit Limit.
• In Currency user can select the vendor's Currency.
• Preferred Pay mode means that the user can specify that in what mode the vendor will collect
• the payment, it can be cash, bank, pay later or credit card.
• Opening balance is nothing but last year's closing balance of that vendor.
• If the balance is in Debit the vendor has to adjust or pay the amount to the company.
• If the balance is in Credit the company has to pay to the vendor.
• Terms denotes the terms of payment.
• In Terms % Discount denotes the discount will be given by the vendor if he pays the amount (with in …days)
  
• In Terms Net Amount due denotes the total limit of days for credit.
  

Step 3:
Then comes the Contact/Location Section. Here the information of the Contact Person of the Vendor Side is stored because a Vendor can have many locations from where the goods are supplied. So, the details of the Contact and Location are very essential and it is taken care in this module.

Step 4:
Ledger, the Accounting of the particular Vendor is kept to keep track of Bill Payment and balance of payment for a particular Vendor. The User can now as a provision of checking how much still left to pay for a particular Vendor.

Step 6:
After filling in the details, click save to store the information of the Vendor.

 

Contact/Location

Detailed information of a particular vendor on the Bill, Payment, Balance etc., are populated in this particular section.