Setting up vendor types
Organizations may setup vendor types for many reasons. Vendor types are categories that you can assign vendors in your system to. Vendors for whom you assign a type can then be organized for reporting purposes and searches. For example you can create a 1099 vendor type. A vendor may be assigned ONLY one Vendor Type.
Below are some examples of types that could be created:
To setup a vendor type, go to Setup → Vendors → Vendor Type:
Simply fill out the description and click Submit to create the vendor type:
You will have to assign the vendor(s) you have identified a Vendor Type in the Vendor screen:
Once a vendor type has been defined you can filter reports by one or more vendor types: