Enter the standard credit limit you are given by your suppliers. The number you enter can be up to 99,999,999.99.

Use the drop-down list to select a department to be set as your supplier default. The departments in this list are set up using the Departments option from the Defaults menu.

Enter here your suppliersÆ usual credit terms, i.e. the number of days that you usually have to pay your suppliers.

Use this drop-down list to select the VAT Rate code to be used as the default for transaction items when you enter invoices and credit notes received from your suppliers. The tax code you set as the default here is also the default tax code when you enter Bank Payments and Recurring Entry payments.

If you are offered early settlement discount, enter the default percentage in this box. You can enter any percentage between 0 and 99.99%.

Enter here the Nominal Account Code you want to be used as the default for your supplier records. Use the Finder button to select an existing code or to create a new one.

If your suppliers give you a discount for early settlement, enter here the number of days you have to pay, in order to qualify for a discount.

Use this drop-down list to select the currency to be used as the default for your suppliers.
Note: If the Regional Settings (in the Microsoft Control Panel) for your PC are set to English (Ireland), the default currency setting will be set to euros.

Type in up to 30 characters of text, such as, æ30 DaysÆ. This is for your reference only.

Select the default account status for the supplier records. This can be changed for each individual supplier within the Supplier Record Details tab.