When adding a vendor (Supplier) to the list, which account should you select?
Under accounts settings, it wants you to choose an account it would fall under, which would we pick for suppliers? From our suppliers, we purchase parts and truck stock. Thanks
Thank you for your question. It sounds like you are using a desktop version of QuickBooks. If so, the account field that is located in the vendor settings is optional. You don’t have to populate that field. However, if you do I recommend you set up an account called parts and truck stock. I’m not familiar with your business so it may make sense to set up an account for parts and one for truck stock. At any rate, this field is optional and as long as you have the account set up on your chart of accounts you can always select it when you are entering or paying vendor supplier bills.
All the Best-
Crystalynn Shelton, CPA
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