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[Najeem JanatAli]

Whats the purpose and pros/cons of setting up Vendor group

Does it integrate with any module

please advise

thanks and regards

[Sandra Wittrock]

We use vendor groups and I find it also helps to isolate vendors when making payments or running an aging or other reports by vendor group.  We have tax, employee, ?rent, benefits, gov’t, refund, legal, shipping, utilities, etc., as well as regular vendors.

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Sandra Wittrock
Accounting Manager
Kroll Ontrack
Eden Prairie MN
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[Nirav Modi]

?Good Day !!

Vendor Group is Mandatory field which is used in Posting Financial Entries for Procurement Cycle.

also with the Vendor Group, You can Segregate Your Vendors based on the Group, Lets say you want to see the overall Liabilities for Particular Group then you can see it.

as it is mandatory for Financial Posting so there is no drawback as such.

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Nirav Modi [Designation]
Project Manager – Ax
Indusa
http://www.indusa.com
00919426381531
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[Zvika Rimalt]

Your question is a bit general.

a. Vendor Group is a mandatory field, so you cannot NOT set up vendor group.

b. At a minimum, for every subset of vendors you have that needs to have their payable balances posted into a different summary account, requires a separate vendor group, so the summary account can be set through the AP profile.

c. For the above reason I usually do not recommend to further break up vendors groups beyond posting differences, in order to not make maintenance too cumbersome.

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Zvika Rimalt
Functional Consultant
Vancouver BC Canada
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