5. Create Vendors

Note: detailed steps to set up your vendors are described in the Setting up Accounts Payable section of your Get Started learning package on Sage University.

1. Setup vendor defaults

• Begin by reviewing and tailoring the settings on the Vendor Defaults window.
  • Open the Options menu at the top of the navigation window and select Default Information. Click Vendors.
  • Review all 5 tabs and modify any settings to match your own business preferences.
  • Click the Help button for additional assistance with any settings you do not understand.
  • Click OK when you are finished.

2. Check Printing Defaults

• If you print checks that require more than one page to print all the stub information, you can conserve check stock and print the extra stub detail on plain paper.
  • Return to Options > Default Information and select Check Printing.
  • Review the Check Printing Defaults window.
  • For help, click the links on the defaults window to obtain additional details about this feature.

3. Create Vendor records

• How do I create a new vendor?
• NOTE: If a vendor should receive a 1099-MISC or a 1099-INT, be sure to select the appropriate form in the 1099 Type field.

4. Beginning balances

• How to enter customer and vendor beginning balances