| Field | Description |
|---|
| Type
|
Use this drop-down list to select the vendor type.
You set up vendor types on the Vendor Types tab of System AP Configuration. You then set up liability codes on the Liability Codes tab of Company AP Configuration. Each liability code is associated with an account number from your general ledger. You use the Vendor Types tab of Company AP Configuration to associate each vendor type with a liability code (and account number).
When you enter a vendor in A/P Vouchers Transaction Entry, Vision inserts the associated liability code for the vendor type in the
A/P Liability field. The account number associated with the liability code receives the credit (implicit) when you post the A/P voucher.
You can change the default liability code during transaction entry.
If you use the Multicompany feature, vendor types are specified at the enterprise level. You can specify which vendor types are available to each company in your enterprise. You can also associate the available vendor types with different liability codes for each company. Only the vendor types you select for the active company display in the drop-down list in this field.
|
| Payment Terms
|
Use this drop-down list to select the default payment terms to use each time a voucher is entered for the vendor. Or, enter a numeric value directly in this field. For example, you can enter a priority vendor with payment terms of
Next to ensure that all vouchers for the vendor are paid each time that you process A/P payments.
The options are:
-
Next — Select this option for payment for any outstanding vouchers to process with the next payment processing run.
-
Hold — Select this option for to put payment for any outstanding vouchers on hold until you manually change the payment terms.
-
Pay When Paid (PWP) — Select this option for payment for any outstanding vouchers to process with the payment processing run immediately following your company's full receipt of payment (from the client) for the jobs associated with the vouchers.
-
Numeric Value — Select this option for payment for any outstanding vouchers to process with the first payment processing run after the specified number of days have elapsed from the date the invoice was generated. For example, if you enter 15 in this field, invoices generated on October 1st will be paid when you process payments on or after October 16.
The default payment terms you enter in this field override the default payment terms selected on the Accounts Payable tab of Company AP Configuration.
|
| Regular Account
|
Enter the account number that receives the debit (explicit posting) when you post vouchers to a regular project for the vendor. This account must be a direct or reimbursable expense account.
You can enter an account number directly in this field, use the Quick Find feature to select an account from your database, or click
Search in this field and select an account on the Account Lookup.
The account number you enter in this field displays in the
Account field in A/P Vouchers Transaction Entry. You can override this account number when you enter a voucher line.
|
| OH Account
|
Enter the account number receives the debit (explicit posting) when you post vouchers to an overhead or promotional project for the vendor. This account must be an indirect expense account.
You can enter an account number directly in this field, use the Quick Find feature to select an account from your database, or click
Search and select an account on the Account Lookup.
The account number you enter in this field displays in the
Account field in A/P Vouchers Transaction Entry. You can override this account number when you enter a voucher line.
|
| Default Expense Code
|
Use this drop-down list to select the expense code that serves as the default when you enter an A/P voucher or A/P disbursement for the vendor in Transaction Entry. This drop-down includes all expense codes defined on the Expense Codes tab in
.
You can override this value in Transaction Entry. If you do not select a value in this field, no default value displays in Transaction Entry.
If you use the Multicompany feature, you can select a default expense code for each individual company. In Transaction Entry, the expense code will default based on the vendor accounting record matching the project's company.
|
| Discount Pct
|
Enter the percentage of the total voucher amount that you want to credit to the discount account when you pay the total amount due within the specified discount period. For example, enter
10.00 for a 10% discount.
|
| Discount Pd
|
Enter the number of days that the discount applies.
|
| Discount Code
|
Use this drop-down list to select a discount code for the vendor.
|
| 1099 Req
|
Select this check box if the vendor should receive a 1099 form at the end of the calendar year.
|
| Federal ID
|
Enter the 11-digit number assigned to the vendor by the federal government for tax purposes. If the vendor is a consultant, this number is usually the consultant's Social Security number. You must enter a Federal ID number for all vendors who receive a 1099 form. This ID number displays on the printed 1099 form.
|
| Type of TIN
|
Use this drop-down list to select the type of TIN (tax ID number) of the vendor. The options are:
- 1 — FEIN
- 2 — SSN, ITIN, ATIN
|
| Paid This Year
|
This field displays the amount paid to this vendor during the current calendar year. You can enter a new amount in this field to override the system-generated amount.
The amount in this field excludes credit card payments made to a vendor in A/P Disbursement Transaction Entry. This follows the federal requirement that a company is not responsible for reporting amounts paid by credit card.
When you run the 1099 Initialization utility (from the Vision Utility menu), Vision moves the amount out of the
Paid This Year field and puts it in the
Paid Last Year field.
|
| Paid Last Year
|
This field displays the amount paid to this vendor in the previous calendar year. You can enter a new amount in this field to override the system-generated amount.
The amount in this field excludes credit card payments made to a vendor in A/P Disbursement Transaction Entry. This follows the federal requirement that a company is not responsible for reporting amounts paid by credit card.
When you run the 1099 Initialization utility (from the Vision Utility menu), Vision moves the amount out of the
Paid This Year field puts it in the
Paid Last Year field. The amount in the
Paid Last Year field prints in the
Nonemployee compensation box on a 1099 form.
|
| Separate Checks
|
Select this check box to print a separate check for each voucher submitted by the vendor.
If you do not select this check box, when you process payments (checks), Vision totals all the vendor's vouchers currently scheduled for payment, and then prints one check for the total amount owed to the vendor.
|
| Account Number
|
Enter your vendor-assigned account number. This is your customer number that your vendor uses to identify your account.
|
| Default Tax Code
|
This field displays only if you select the
Enable Tax Auditing Feature check box on the Tax Auditing tab in
.
From the drop-down list, select a default tax code to use in Transaction Entry to calculate taxes for accounts payable vouchers and accounts payable disbursements for this vendor. When you enter an A/P voucher or A/P disbursement, you can change the default tax code as needed.
The drop-down list in the
Default Tax Code field displays only the tax codes with an active status that have the
Transaction Entry check box selected on the Tax Codes tab in
.
When you enter an A/P voucher or A/P disbursement in Transaction Entry, the default tax codes that are on the New File dialog box are used to calculate the taxes for each voucher or disbursement in the transaction file. (The default tax codes on the New File dialog box prefill from the Tax Auditing tab in
.) However, if you enter a default tax code for a vendor, the vendor's default tax code will be used as the first tax code to calculate the tax for a voucher or disbursement instead of the default tax code that has the first (or lowest) sequence number from the New File dialog box.
Example: A vendor's default tax code entered in the Vendor Info Center is XXX. The default tax codes that are entered on the Tax Auditing tab in Accounting Company Settings that prefill on the New File dialog box are AAA (with sequence 5), BBB (with sequence 30), and CCC (with sequence 45). Tax code XXX from the vendor record will override tax code AAA (with sequence 5, the lowest sequence number) when A/P vouchers and A/P disbursements are entered in the Transaction Center for that particular vendor. The tax codes used for the transactions for that vendor are XXX, BBB, and CCC.
If no tax codes are entered on the New File dialog box in Transaction Entry and a vendor has a default tax code entered in the
Default Tax Code field in the Vendor Info Center, the default tax code from the Vendor Info Center is used to calculate taxes for the A/P voucher and A/P disbursement. You can override this tax code when you enter an A/P voucher and A/P disbursement as needed.
|
Edit to use the Text Editor to enter information.