Useful tips

What is a sub vendor?

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What is a sub vendor?

Sub-vendor means any firm or other entity which has entered into an agreement with Vendor for supply part of or all the Goods and/or Services in the Purchase or Service Order.

What does it mean to be set up as a vendor?

A vendor, also known as a supplier, is an individual or company that sells goods or services to someone else in the economic production chain. In information technology as well as in other industries, the term is commonly applied to suppliers of goods and services to other companies.

How do I create a sub vendor in QuickBooks?

Create a subvendor?

  1. Click the Lists menu.
  2. Go to Add/Edit Multiple List Entries window.
  3. From the List drop-down, select Vendors.
  4. Locate the parent vendor.
  5. Click Customize button.
  6. Here’s how to add entries to the list. Click in the first empty row at the end of the list and begin making your entries.
  7. Click Save Changes.

Whats the difference between a vendor and subcontractor?

Vendors sell products and services to small and large businesses, while subcontractors provide services under contract to prime contractors or other subcontractors.

How do I set up a vendor with a DBA?

Here’s how:

  1. Go to the Vendors menu and select Vendor Center.
  2. Click the New Vendor drop-down arrow and select New Vendor.
  3. In the Vendor Name field, enter the name of the vendor as you’d like it to appear on your Vendors list.
  4. Use the Company Name section for the DBA name.
  5. Go to the Tax Settings tab to add their Tax ID.

How do vendors work?

A vendor is a general term used to describe any supplier of goods or services. A vendor sells products or services to another company or individual. A manufacturer that turns raw materials into a finished good is a vendor to retailers or wholesalers. Some vendors, like food trucks, sell directly to customers.

How do I enter a DBA vendor in QuickBooks?

1099-MISC – adding 2nd line for Recipient’s (DBA) Name

  1. Click the Vendors menu. Then select Vendors Center.
  2. Select the Vendors tab.
  3. Choose vendor and click it to open the Vendor’s profile page.
  4. Hit the Address Info section. From there, you’ll have the option to edit the information.

How do you add vendors to your vendor list?

Add a New Supplier

  1. Choose Expense on the menu on the left side of your screen.
  2. Click on the Vendor tab. You can also click on the Vendor button that appears when you hover on Expenses.
  3. Click the New Vendor button to access the Vendor Information Form.
  4. Fill out the Vendor Information Form.

Is a subcontractor a vendor in QuickBooks?

Thanks for choosing QuickBooks, SnoKingRef. I agree with aj4fluentbiz. A Vendors are those people or companies that you pay money to, such as a store, utility, landlord, or subcontractors who do work for you. On the other hand, Customers are people who owe you money for products purchased or service rendered.

How do I set up transactions with a vendor?

Set up tax, delivery, invoice, and payment information for the vendor. By default, these settings are copied to new documents that you create for the vendor. Set up default financial dimensions that are used to automatically post transactions with the vendor to financial accounts.

How do I set up a default account for a vendor?

You select default accounts on the Default account setup page, which you can open from the Invoice tab on the vendor record. The accounts that you select here appear in the filtered list of accounts for the vendor account when you enter a journal entry. You can set one of the accounts as a default account.

How do I configure information for a vendor?

When you create a vendor account, you enter information about the vendor. This information is used to automatically enter data in documents and to track activity that involves the vendor. For example, you can configure the following information for a vendor: Assign a vendor group. Every vendor must be assigned to a vendor group.

How do I register an agreement with a vendor?

When you set up a vendor account, you might also want to register the agreements that you have with the vendor. You can set up price and discount agreements by using the actions on the vendor record. You can also set up a purchase agreement on the Purchase agreements page. You can put a vendor on hold for various transaction types.

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