Exploring vendor master data characteristics

The vendor record has essential information that directly affects accounts payable transactions. In this section, we will cover the basic information that should be considered when creating a new vendor record.

In order to create a new vendor record, the user should navigate to Accounts Payable | Vendors | All vendors, as shown in the following screenshot:

On the vendor list page, press Alt + N to create a new vendor record, or click on New vendor in the ribbon.

The General fast tab

As shown in the following screenshot, when the vendor form is opened, under the General fast tab, the mandatory fields are Vendor account and Group:

Vendor account can be assigned manually or automatically...