Create a Payable Account (Vendor)

Objective: Create a Payable Account (Vendor) 

By establishing payable accounts, you can seamlessly procure inventory or miscellaneous items from other companies and effortlessly document these transactions in both Vizybility and your financial software provider.

TABLE OF CONTENTS

• Step-by-step Instructions
• Next Steps

Step-by-step Instructions

Creating accounts - either receivables or payables - is a controlled process, and requires security roles to perform these actions.

1. Go to the Finance Module from the welcome portal. 
2. From the navigation bar, select Payable Account.
3. Click the Add Payable Account button.
4. A new window will appear.
5. Search for a company. If the company you're searching for does not exist, it will need to be added. This can be done from the Company option in the navigation header in the finance module.
6. Enter the Account Name.
7. Enter the Payable location and contact.
   • Typically, the location/contact will be where or who to remit payment.
   • If the location or contact information does not exist, click the plus icon to add a new location or new contact.
8. Enter the account representative responsible for the account.
9. Click Save and Close when finished.
   

Additional Fields:

1. Internal and Default Account checkboxes.
   
2. 1099 Contractor if the account requires 1099 tax documents.
3. Deactivate and Deactivate date
   • This will remove the account from any selections, like Purchase Orders.
4. W9 Corp Type
5. Payment Terms
6. Credit Rating
7. Vendor Account Number
8. Credit Limit
9. Payment Method and Currency

Next Steps