From the course: QuickBooks Pro 2020 Essential Training

Set up the vendor profile - QuickBooks Pro Tutorial

From the course: QuickBooks Pro 2020 Essential Training

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Set up the vendor profile

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- [Narrator] A vendor is someone you do business with to provide services for your business. Unlike a customer who you are doing business for, vendors could provide professional services that are part of running your business, or they could provide crucial material needed to manufacture, process, and ship your product. QuickBooks keeps track of vendors separately from customers. Like the Customer Profile, let's set up some fields ahead of time in the Vendor Profile area. We get there by clicking Lists from the top menu, hovering your mouse over Customer and Vendor Profile Lists, and from here let's start with a Vendor Type List. Like before, there are a few types that are already here. Don't forget that these are important for your business and your business alone. You need to find things that are meaningful to you. To select a new business, click Vendor Type at the bottom of the screen and select New or Control + N on your keyboard. I'm going to create one for Business Operations. If I'm done, I can click OK but in this case, I'll click Next. I'll add a new vendor type, this one is strictly related to my products. I'll click Next one more time. Let's say I have vendors that give me all of my office supplies. This time I'm going to make this a subtype of Business Operations. Now I'll click the blue OK button and all of my vendor types are created. I'm ready to go ahead and start creating vendors. I'll click the X on the top right-hand side to close out of this.

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