vendor class id

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what is the benefit of creating different classes for your vendors? what do most companies use the classes for? what are some examples?

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Ian Grieve 22,784 on at

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RE: vendor class id

As others have said, Classes provide a way of grouping vendors together by type which is very useful for reporting purposes and also they allow default values to be set for records assigned to the class such as Currency, Payment Terms or Credit Limits.

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Mahmoud Saadi 32,738 on at

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RE: vendor class id

For me, classes can sever multiple purposes.

A quality control layer on the vendors being configured on the system. Assigning a vendor for a class will result with inheriting all the shared characteristics for this specific group, especially the accounts setup.

Furthermore, I have always used a specific coding criteria for vendors in order for reporting to have extendable capabilities. For instance, foreign and local vendors is one level of categorization, business type is another (services, communication, fuel, consultancy ...etc). All in all, it would result with something like FOR-CON001 (foreign consultancy company) or LOC-FUL002 (local fuel provider)

Furthermore, save a lot of data entry. Why to keep setting up the same criteria for each new vendor by entering new accounts, addresses, currency, rate type, credit limit ...etc, when i can categorize all these details and save myself a lot of headache and data entry work which will be prone to possible errors

One more thing to consider, the same parent-child (vendor class and vendor) concept can be generalized to compass all the master entities in Dynamics GP, items, customers, checkbooks ...etc

Never hesitate to share any further inquires,

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soma 24,410 on at

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RE: vendor class id

Vendor classes provide defaults for the data that groups of vendors use. You also can make changes to groups of vendors quickly by changing the class record and rolling down the change to all the vendors in a class. Use the Vendor Class Setup window to set up vendor classes to group vendors. By setting up vendor classes, you can easily assign new vendors to specific classes, making it faster and easier to set up a new vendor record.

Hope this helps!!!

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Tim Foster 8,515 on at

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RE: vendor class id

Classes should be reserved to assist users in setting up new vendors quickly and efficiently (and correctly ;-) ). Classes default a lot of information to the new Vendor record. Some people try to leverage classes for reporting purposes (in my opinion incorrectly). Look carefully at what information is defaulted in and what is critical when you set up a vendor.

e.g. Multicurrency - USD, CAD, EUR - need correct checkbook defaulted

Type - Trade or non-trade - need correct AP account defaulted

Might lead to classes like:

CAD-NT CAD - Non-Trade

CAD-TR CAD - Trade

EUR-NT EUR - Non-Trade

EUR-TR

USD-NT

USD-TR

As always, the behavior of GP is well explained in the manual but not the reasoning/theory of operation.

Tim

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