Address Defaults – Set the default address field values you want to use when creating a new vendor.
Purchasing
Default G/L Expense Account – Default Ledger expense account when creating a new vendor.
Credit Type – Default credit type for a new vendor. Choose either No Credit, Unlimited or Limited.
Credit Limit – Default credit limit for a new vendor, which can only be edited if the Credit Type is set to Limited.
Taxes
Sales Taxes 1-4 – The default tax jurisdictions that are applied when creating a new vendor.