Setup Tab

This section describes the fields and actions on the Setup tab of the Company Vendors workspace.

Tab Fields

Field	Description
Parent Vendor	If applicable, this field displays the parent vendor number of the current company vendor's global vendor. This field is not editable.
Company Specific Linking Rule	This field displays the linking rule specified for the current company vendor's global vendor. This field is not editable.
Supplement	Select a value from the dropdown. Supplements are free text and allow you to provide additional company vendor information. Also, supplement information is not inherited or passed down from the parent vendor to the subordinate company vendor.

Payment Control island

Field	Description
Payment Mode	To specify a mode of payment, select a value from the dropdown. The payment mode has several functions: Points to a G/L account Allows you to specify the form of payment you want to use Controls automatic payment Used when registering vendor invoices If needed, you can always edit the payment mode for specific vendor invoices. Define payment mode values using the Payment Modes single dialog in the Workspace Client.
Payment Terms	To specify payment terms for the current company vendor, select a value from the dropdown. Maconomy uses payment terms to calculate the invoice due date when you enter vendor invoices.
Control Account	This field displays the control account specified on the current company vendor's global vendor, and is not editable. The control account is a reference to two G/L accounts: a company vendor control account, and an account for non-balanced entries. All company vendor entries are posted to the general ledger, specifically to the control account specified in this field. Accounts payable is thus a specification of A/P control accounts in the general ledger. You can use control accounts to group your company vendors in the general ledger (for example, foreign and domestic vendors). The account for non-balanced entries is used to manage your accounts when item deliveries and invoices are not received at the same time. When you approve item deliveries to the warehouse, the inventory value account is debited and the non-balanced entries account is credited. When the vendor invoices are registered at a later date, the items are credited to the company vendor control account and debited to the account for non-balanced entries. You thus avoid any accounting problems, when items are delivered in one posting period and the corresponding vendor invoice is received in another. Specify references to control accounts by means of dimension combinations using the Popup Fields single dialog in the Workspace Client.
Tax	If the corresponding checkbox is selected on the current company vendor's global vendor, this checkbox inherits the setting. If the checkbox is selected, Maconomy automatically calculates tax for vendor invoices. You cannot change the checkbox value on the company vendor, but you can opt to clear the checkbox during invoice registration.
Company Tax Code	This field displays the company tax code specified for the current company vendor's global vendor. This field is not editable.
Auto. Approval	If this checkbox is selected on the current company vendor's global vendor, the company vendor inherits the setting. If the checkbox is selected, Maconomy automatically approves for payment all subsequently submitted invoices and invoice allocation lines from the current company vendor. You cannot change the checkbox value on the company vendor, but you can clear the checkbox for individual invoices.
Cash Discount Term	This field displays the cash discount condition specified for the current company vendor's global vendor, and is not editable. Maconomy uses this cash discount condition when paying vendor invoices. If no condition is specified, cash discount will not be calculated for the current vendor. Define cash discount conditions using the Popup Fields single dialog in the Workspace Client.
Responsible	This field displays the employee responsible for approving invoices on the current company vendor's global vendor. Maconomy uses the specified employee as a reference and to sort lists of non-approved vendor invoices. This field is not editable.

Bank island

Field	Description
Bank Address	This field displays the address of the bank of the current company vendor's global vendor. Maconomy uses this address for electronic payment to foreign company vendors. This field is not editable.
Reg. No.	This field displays the registration number for the bank of the current company vendor's global vendor. Maconomy uses this for reference and electronic payment. This field is not editable.
SWIFT	This field displays the SWIFT code for the current company vendor's global vendor. Maconomy uses the SWIFT code for electronic payment to foreign company vendors. This field is not editable.
Bank Account Number	This field displays the bank account number of the current company vendor's global vendor. Maconomy uses the specified bank account number for reference and electronic payment. This field is not editable.