The vendor center contains the vendor list, which is used in various forms and reports. Each vendor's record in the list is organized into five tabs: address info, payment settings, tax settings, account settings, and additional info, where you can create custom fields to store additional data.
Can you create a vendor with the same name as another vendor? Why or why not? What can you do if you find you have two records for the same list? Explain how the accrual basis of accounting works. How can you be sure your Chart of Accounts and Products and Services list are correctly linked?
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