Maintaining Default supplier account definition

Click the “Maintain Default Supplier Account Definition” link in “Create Payable Account Definition” Activity under the “Account Rule Definition” business component.

The “Create Default Supplier Account Definition” page appears.

Enter the following fields:

Finance Book	Use the drop-down list box to select the code identifying the finance book to which the financial entries are posted. All the postings finance books that has been defined for the company, to which the login organization unit belongs will be available for selection, in the ascending order. The system displays the first finance book in the list by default on launch of the page.
Supplier Group	Use the drop-down list box to select the code identifying the supplier group based on which the supplier payables account is defined. The value entered here must have been defined in the “Supplier” business component. The system displays the first value of the list by default on launch of the page.

Enter the following fields in the “Default Account Details” multiline:

Currency	Use the drop-down list box to select the code identifying the currency in which the account is maintained. All the currencies defined for the login organization unit in the “Organization Set Up” business component will be available for selection. The system displays the base currency of the company by default on launch of the page.
Supplier Payables Account Code	The code identifying the account, which is used to value the payments made to the supplier (Alphanumeric, 32). Mandatory. The account code must have been defined in the “Create Operative Chart of Accounts” activity of the “Accounting Setup” business component.
	Help facility available.

Note: This account code must belong to the control account type “Supplier Payable Account and must not have been mapped as an internal supplier account definition.

Supplier Prepayment Account Code	The code identifying the account, which is used to value the advance payments made to the supplier (Alphanumeric, 32). The account code must have been defined in the “Create Operative Chart of Accounts” activity of the “Accounting Setup” business component.
	Help facility available.

Note: This account code must belong to the control account type “Supplier Prepayment Account”.

Supplier Deposits Account Code	The code identifying the account, which is used to value the supplier deposits (Alphanumeric, 32). The account code must have been defined in the “Create Operative Chart of Accounts” activity of the “Accounting Setup” business component.
	Help facility available.

Note: The account code must be associated to the control account type “Supplier Deposits Account” in the “Accounting Setup” business component.

Default Supplier Brokerage Account	The code identifying the account, which is used to value the supplier Brokerage (Alphanumeric, 32). The account code must have been defined in the “Create Operative Chart of Accounts” activity of the “Accounting Setup” business component.
	Help facility available.

Note: The account code must be associated to the control account type “Supplier Payable Account” in the “Accounting Setup” business component.

Click the “Save” button to save the supplier account definition default values.