Address Defaults – Set the default address that will be used when creating a new vendor.
Contact Labels – Contacts 1, 2 and 3 can have a label added to define what the contact is used for;
i.e. if you always want contact 3 to be used for the buyer, then change the label to ‘Buyer’.
Default G/L Expense Account – Default expense account when adding a new vendor.
Credit Type – Default credit type for a vendor. Choose either No Credit, Unlimited or Limited.
Credit Limit – Default credit limit for a new vendor.