Details of a Vendor
1. Basic Info
1) The vendor name.
2) The vendor code.
3) The contact name using which we can contact.
4) Print Name/DBA: The name of vendor business and sometimes vendor name and print name can be same.
6) Multi-location: whether he is a vendor to multiple branches of company or else to only single location.
2. Contact Information
The contact information include
1) Primary phone and secondary phone
2) Mobile number details for calling
3) Fax number to send some documents
4) Email address for mailing and
5) Website information to know about the vendor.
3. Remit-To-Address
Remit to Address is the address location to where payment has to be sent.
Shipping Address is the location of vendor to which goods has to be sent.
5. Account Information
1) Tax Number: The tax is the Employer Identification Number of vendor used for tax payment to know his tax details.
2) Currency: The currency information used by vendor to make payment
3) Payment Terms: Payment terms include at what basis we have to make a payment.
Net 30: Payment after 30 days of invoice.
Net 60: Payment after 60 days of invoice.
Net Monthly Payment: Payment has to be made for every end of month after the date of invoice.
Cash on Delivery: Cash payment after delivery has made.
21 MFI: 21st of every month following the date of invoice.
Cash Next Delivery: Payment has to be made after delivery has received.
Cash Before Shipment: The payment is made before shipment has done.
Cash In Advance: The payment is made in advance of shipment.
1MD: Monthly credit payment for the full month's supply.
2MD: Payment for every two for every month's supply.
Stage Payment: Payment is made at some stages based on agreement.
4) GL Expense Account: The account to be affected to this transaction of payment to the vendor.
5) Account Number: Account number of vendor to transfer the amount.
6) Memo on check: The reason to be specified on check for the transaction.
6. Vendor Login
The vendor is provided login facility to view his details.
7. Internal Notes
The internal notes is for internal reference i.e,. who is responsible for sending goods to vendor and vendor location etc,.
1. Basic Info
1) The vendor name.
2) The vendor code.
3) The contact name using which we can contact.
4) Print Name/DBA: The name of vendor business and sometimes vendor name and print name can be same.
5) Parent Location: The company location to which he is a vendor.
6) Multi-location: whether he is a vendor to multiple branches of company or else to only single location.
2. Contact Information
The contact information include
1) Primary phone and secondary phone
2) Mobile number details for calling
3) Fax number to send some documents
4) Email address for mailing and
5) Website information to know about the vendor.
3. Remit-To-Address
Remit to Address is the address location to where payment has to be sent.
4. Shipping Address
Shipping Address is the location of vendor to which goods has to be sent.
5. Account Information
1) Tax Number: The tax is the Employer Identification Number of vendor used for tax payment to know his tax details.
2) Currency: The currency information used by vendor to make payment
3) Payment Terms: Payment terms include at what basis we have to make a payment.
PAYMENT TERMS
Net 10: Payment after 10 days of invoice.Net 30: Payment after 30 days of invoice.
Net 60: Payment after 60 days of invoice.
Net Monthly Payment: Payment has to be made for every end of month after the date of invoice.
Cash on Delivery: Cash payment after delivery has made.
21 MFI: 21st of every month following the date of invoice.
Cash Next Delivery: Payment has to be made after delivery has received.
Cash Before Shipment: The payment is made before shipment has done.
Cash In Advance: The payment is made in advance of shipment.
1MD: Monthly credit payment for the full month's supply.
2MD: Payment for every two for every month's supply.
Stage Payment: Payment is made at some stages based on agreement.
5) Account Number: Account number of vendor to transfer the amount.
6) Memo on check: The reason to be specified on check for the transaction.
6. Vendor Login
The vendor is provided login facility to view his details.
7. Internal Notes
The internal notes is for internal reference i.e,. who is responsible for sending goods to vendor and vendor location etc,.
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