In this chapter, you will learn to:
Create a vendor record.
View the vendor list.
Create a purchase order.
Receive purchased items.
Pay vendor bills.
Prepare 1099 forms for vendors.
Vendors are the companies and individuals from whom you purchase goods and services. Legal advice, office supplies, contract labor, and inventory items are all examples of the kinds of services and materials you buy from vendors. Transactions with vendors affect the balances of the Accounts Payable account, your inventory account (if your business holds inventory), and expense accounts.
In Microsoft Office Accounting Professional ...