Dynamics GP allows you to control the addition of vendors to your vendor master file. You can set up vendors to simplify accounting and payables purchasing transactions.
You can specify settings for 1099 reporting that greatly simplify the accounting for and reporting of payments made to 1099 vendors.
You can specify Vendor Classes to organize vendors for easier reporting and data entry.
Vendors are automatically added to the rich SmartList reporting tool that make getting to data quick and easy.
Here’s a quick video that shows you how to do this: