Remittance Supplier Code
The supplier who holds the account on behalf of a multi-site organization. In a multi-site environment, a group of supplier locations may have one central point to which remittances should be sent and one consolidated creditor/payables account.
Note: You cannot enter both a Remittance Supplier Code and an Actual Account.
Account Code
The chart of account's creditor/payables or client account code for this supplier. All of the transactions entered or generated for this supplier are posted to this account. This account must be entered, unless a Remittance Supplier applies for a multi-site organization.
Note: You cannot enter both a Remittance Supplier Code and an Account Code.
If you enter a chart of accounts code that does not exist you can choose to create this new account. If so, you must enter all of the remaining account details.
If you select an existing creditor/payables or client account, the account details appear in the relevant fields and you can alter any of this information, if required. You must select an open or suspended account and cannot choose an account that has been assigned to another supplier.
Account Type
The type of chart of accounts account. This defaults to Creditor but can be changed to Client, if the new supplier is also a customer. See What are the Account Types? for information on the different types of account.
Suppress Revaluation
This option excludes the supplier from Ledger Revaluation, even if it falls within a range of accounts for which ledger revaluation is being run.
Balance Type
This field enables you to indicate whether this account is a Balance Forward or an Open Item account. See What are the Balance Types? for information on the difference between these two types.
Allocation in Progress
Indicates whether or not transactions are being allocated for the account or whether this is not applicable.