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Add your vendors

Vendors are the people and companies you pay. Adding them keeps your payables report accurate and makes bills quicker to enter.

Steps

  1. Open Contacts and click Add Contact → Single.

  2. Under Type, choose Vendor. Use Contractor for freelancers you pay.

  3. Enter the Business Name (required), a contact Name, Email, Phone, Country and Address.

  4. Leave Payable account as Account payable unless your accountant uses another one.

  5. Add Payment terms (e.g. Net 30) and click Create.

    Add a vendor

Tips

  • Owed money before you started using Tyms? Tick Set opening balance and enter what you owed the vendor on your start date.

  • Several vendors at once: use Add Contact → Bulk to describe them to Adam, or Import Excel.

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