Accounts Payable

A supplier is an organization from which you purchase goods and services. Suppliers are used throughout SunSystems. In SunSystems Order Fulfilment, purchase orders and invoices can be entered for suppliers. In Financials, suppliers are used indirectly because they are linked to an associated creditor/payables or client account.
There is a large amount of information that can be maintained for each supplier, some of which is only required if you are using Order Fulfilment. In addition to the predefined details, a supplier may have up to ten analysis codes. You can use these analysis codes to maintain other useful information. For example, you might establish analysis dimension to record product group code to enable you to identify the type of products supplied by the supplier. A creditor/payables account may also have up to ten analysis codes and these may be totally different to the ten supplier analysis codes.
All of the details relating to a supplier are defined in Suppliers Setup (SUS).

Payment terms enable you to control the dates, discounts, documents, and charges that can apply when payments are settled for an account. For example, payment terms can be used to calculate the payment due date for each invoice.
You can create a number of different sets of payment terms, each of which is identified by a payment terms code.
You then assign a set of payment terms to a customer or supplier using Customer Setup (CUS) or Supplier Setup (SUS). The payment terms are used to calculate the default settlement details automatically on the customer's or supplier's transactions.