Use this program to create and maintain vendor class records that are used to categorize the different types of vendors.
You can establish your company’s own set of valid vendor classes. Each vendor will be placed into a vendor class. These classes are used on some printouts in order to group vendors. For example, you may want to group all inventory vendors, utility vendors, office supply vendors, etc. Assign any alphanumeric code to indicate each class (i.e., 001, 002, 003 or INV, UTL, OFF). If you choose not to use vendor classes, one class should be created and all vendors must be assigned to that class.
At least one vendor class must be entered here prior to entering vendors into the vendor file.
Access this program by choosing Accounts Payable>Infrequent File Maintenances>Vendor Class F/M.
Click field descriptions for information on each field.