Linking a supplier to a ledger account

This account holds all of the financial postings for the supplier. When you add a new supplier you can create the associated creditor/payables account at the same time by entering all of the chart of account details.

A supplier must have an account before it can trade. To do this it must have either its own account, or be linked to another supplier who does have an account using the Remittance Supplier Code. This allows more than one supplier to be linked to the same creditor/payables account. It is used for a multi-site supplier, where the supplier has a number of locations or sites, only one of which is the central point to which remittances are sent.