With Bayzat's Accounts payable module you can store and manage your vendor database at one place efficiently.
To create or add a new vendor you can navigate to Finance > Company Expenses > Vendors > Create a new vendor.
To create a new vendor, begin by completing the vendor creation form with essential details such as the business name and address. Once all required fields are filled, select "Create and Continue" to move forward.
You will then be directed to a screen where you can enter the vendor's bank account information and assign a contact person to serve as the primary point of contact for this vendor entry.
Steps to add bank account:
- To add a bank account, Click on "Add account"
- Enter the basic bank account details:
- Beneficiary Type
- Beneficiary Name
- Country of the Bank Account
- Currency
- Click "Continue" to proceed.
- Fill in the additional required bank account details and click "Validate Bank Account."
- If validation is successful, proceed to the review screen.
- If validation fails, correct the errors and revalidate.
- Review all the entered details and click "Continue."
- Complete the Multi-Factor Authentication (MFA) process by entering the secure code sent to your registered mobile number.
- Once the MFA process is complete, the bank account will be added and ready for invoice payments.
Note: You can select the bank account in the draft state of Accounts Payable to attach it to any invoice.
Steps to Add Contact person:
1. You can Click on "Add Contact" to add a contact person.
2. Enter the details of contact person and click on "Submit" to save it.