The Account object serves as both a Customer and Vendor in Accounting Seed. To setup a new record simply navigate to the Account Tab and click the new button.
 
 
Summary of Steps:
 
  1. Navigate to the Account Tab and click the "New" button.
  2. Enter values for the following fields:
    1. Check the box for Accounting Active.
    2. Set the Accounting Type as "Vendor" or "Customer and Vendor".
    3. Select a default expense GL Account that will automatically populate during the Account Payable Entry process.
    4. Check the Credit Card vendor box if the Account is a Credit Card to be used in the Expense Report creation process.
    5. Check the 1099 Vendor box if the vendor needs a 1099 tax report at the end of the year. Set the Default 1099 Box to the appropriate value if applicable.
    6. Enter the Account Payable Due Days with the number of days from the invoice date that you need to pay the vendor within. Example: "30".
    7. Optional-Enter the Discount Days Due with the number of days from the invoice date that you need to pay within to get a payment discount: Example "10".
    8. Optional-Enter the Discount % with the percent discount you will get off the vendor invoice if you pay within the Discount Days Due: Example: "2" would give a discount of 2%.
    9. Optional – Enter GL Account Variable 1-4 values that will automatically populate during the Account Payable and Cash Disbursement Entry Process. These values can be edited if necessary on specific line items.
    10. Enter the Taxpayer Identification Number - It is highly recommended that you have this field encrypted by Salesforce support or restrict the visibility of this field by profile using field level security. 
  3. Click "Save"
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