Creating New Vendor Groups

You can set up vendor groups for multiple vendors having similar payment characteristics.

Do one of the following:
- From EMC> Standards > GL/AP Setup section.
- GL/AP > Setup > Accounts Payable Setup.
Click Vendor Groups and the Setup. The Vendor Groups page appears.
Click New.
Enter a vendor group code in the Vendor Group Code field.
Enter an appropriate description of the vendor group in the Description field. The Active check box defaults as checked and it allows the group available in the system.
Specify the required payment terms to apply to this vendor group using the Payment Terms list.
Select the bank applied to the vendor group from the Bank list. This is usually left blank in case there are multiple banks the vendor could be paid from.
Specify the payables control account using the magnifying glass icon in the Payable Control field.
Specify the purchases discount account using the magnifying glass icon in the Purchases Discount field.
Click Save.

Skilled Nursing Facilities