Purchases Easy Setup Assistant - Choose Your Default Buying Information

Choose Your Default Buying Information

Use this window to set a number of default entries that will make creating quotes, orders and bills faster and easier for you. These default entries will be used for any new vendor records you create in MYOB AccountEdge.

When you set up your vendor records later (in this Assistant), you can modify the individual vendorsí selling information, if you want.

Buying Information fields:

Expense Account

Select the expense account to which your purchase transactions will be most commonly assigned.

Purchase Comment

Select the comment that you want to appear on your purchase orders, quotes and bills.

You can add selections to the list if you like.

Shipping Method

Select the shipping method that will be most commonly used for your purchase transactions.

You can add selections to the list if you like.

Vendor Billing Rate

If you use vendors as subcontractors for time billing activities, enter the hourly billing rate you assign most often for these vendors. You can change this rate for individual vendors later if you like. Your entry here will be used when you create time billing invoices for your customers.

Cost per Hr. (Optional)

If you use vendors as subcontractors, you can enter the rate they charge you most often for their services. You can change this rate for individual vendors later if you like. This information will be used to calculate the profitability of your time billing activities.

Tax on Freight

If your vendors ship goods to you and the freight amount is taxable, choose the Taxed option. Otherwise accept the Not Taxed option.

Purchases Easy Setup Assistant - Choose Your Default Buying Information

*Expense Account*	Select the expense account to which your purchase transactions will be most commonly assigned.
*Purchase Comment*	Select the comment that you want to appear on your purchase orders, quotes and bills. You can add selections to the list if you like.
*Shipping Method*	Select the shipping method that will be most commonly used for your purchase transactions. You can add selections to the list if you like.
*Vendor Billing Rate*	If you use vendors as subcontractors for time billing activities, enter the hourly billing rate you assign most often for these vendors. You can change this rate for individual vendors later if you like. Your entry here will be used when you create time billing invoices for your customers.
*Cost per Hr. (Optional)*	If you use vendors as subcontractors, you can enter the rate they charge you most often for their services. You can change this rate for individual vendors later if you like. This information will be used to calculate the profitability of your time billing activities.
*Tax on Freight*	If your vendors ship goods to you and the freight amount is taxable, choose the Taxed option. Otherwise accept the Not Taxed option.