Access the Suppliers: Accounting page to specify accounting default values.

Supplier accounting values default to all new supplier sites you enter for the supplier. Supplier site accounting values default to all new invoices for the supplier site. You can override any accounting defaults during supplier site entry and invoice entry.

Distribution Set. Default Distribution Set for all invoices entered for the supplier site. Define additional Distribution Sets for the list of values in the Distribution Set window.

If you use the Multiple Organization Support feature, you can enter a value in this field only at the supplier site level.

Liability. The Liability Account and description for a supplier site's invoices. The supplier default is the Financials option for the Liability Account. When you create the default Liability Account, Payables defaults this Liability Account to each supplier you enter. You can override this default. When you enter an invoice, Payables automatically defaults the supplier site's Liability Account to the invoice. You can also override this default.

If you use the Multiple Organization Support feature, you can enter a value in this field only at the supplier site level.

Prepayment. The supplier default for this field is the Financials option for the Prepayment account.

If you use the Multiple Organization Support feature, you can enter a value in this field only at the supplier site level.

Payables uses the supplier site's prepayment account as the default GL account for all prepayment Item distributions, unless the Build Prepayment Accounts When Matching Payables option is enabled.

For details on how that option works, see: Build Prepayment Accounts When Matching.

Bills Payable. If you use Bills Payable (future dated payments), enter the future dated payment account you want to use. The Financials option value defaults to new suppliers, and the supplier value defaults to new supplier sites. You can override these defaults.

When Payables creates a future dated payment, it uses the future dated payment account from either the supplier site or the payment document, depending on which option you select in the Payment Accounting region of the Payables Options window.

If you relieve liability for future dated payments when the payment is issued, then use an asset account. If you relieve liability at clearing time, then use a liability account.

If you use the Multiple Organization Support feature, you can enter a value in this field only at the supplier site level.