If you pay a business or individual for services rendered, you should add a vendor record in Accounts Payable to track invoices and payments.
If an individual has a record in ACS, you can select the individual's name in the Global Name List to quickly add the vendor record type. Using the record in the Global Name List speeds up your data entry by copying personal information, such as address, phone number, e-mail address, and social security number. Besides saving you a great deal of time entering duplicate information, it prevents you from inadvertently adding a duplicate record. Once the vendor record is created, you can add any additional information to each tab that is necessary to complete the record. For information on each tab, see Keeping Accurate Vendor Records.
The display name format is defined in General Ledger Setup, and all names throughout the Financial Suite display in the defined format. This includes reports and ACS grids. If you want to change the way a particular name displays, select the Retain check box in the Name Information area and enter the name in the new format.
Prior to entering vendors, you need to set up your vendor types in Define Lists.