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      How to Create Vendor Types - LOU® - Powered by Evosus



      Vendor Types allow you to create the different kinds of vendors with which you do business.

      LOU automatically creates a default Vendor Type when you create your company in LOU. You can rename this General Vendor Type and create additional Vendor Types.



      Go to Product Setup / Accounting / Vendor Types
       
      1. To create a new Vendor Type, click 
      2. Enter a name in the Description box 

      Repeat these steps for each Vendor Type you want to create.

      TIP! If you use 1099s with your Vendors, create a Vendor Type called 1099 Vendor or something similar to easily identify those Vendors on reports for Month and Year End activities and audits. 



      Delete Vendor Types
      You cannot delete a Vendor Type. However, you can uncheck the box under the Active column.

      To see your Inactive Vendor Types, change the Active Status dropdown to All.