Set up vendors

The Vendors screen is where you can set up basic identification and address information, liability information, and electronic payment information for vendors. By default, the application automatically lists tax agents for federal and state liabilities and local tax liabilities.
To add vendors or agents that you're recording payments for services rendered or for whom you're deducting fund from an employee, follow these steps.
  1. Select
    Setup
    ,
    Vendors
    and then select
    Add
    .
  2. On the
    Main
    tab, enter basic identification information for the vendor.
  3. In the
    Vendor type
    field, select the appropriate vendor type.
  4. In the
    Payment Preferences
    section, indicate how payments will be made for this vendor.
  5. If you selected
    Agent
    as the vendor type, go to the
    Agent
    tab and enter the necessary information.
  6. If you'll be preparing a 1099 for this vendor, go to the
    1099 Properties
    tab and enter default transaction template information.