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How to Set Accounts, Payment Terms, and Tax Rules for Suppliers in ZapInventory?
How to Set Accounts, Payment Terms, and Tax Rules for Suppliers in ZapInventory?

Simplify your supplier management in ZapInventory by learning to set account payable and tax rules for each supplier.

Sharvari Joshi avatar
Written by Sharvari Joshi
Updated over a week ago

Configuring the account payable and tax rules for each supplier in ZapInventory is a key step in streamlining your financial management and ensuring compliance. With ZapInventory, you can easily set these parameters using the chart of accounts imported from your connected accounting channel. Here’s how to do it:

  1. Access Purchases Section: Begin by going to the "Purchases" option in the main menu of ZapInventory. From there, select the "Suppliers" option to open your supplier management area.

  2. Select a Supplier: Browse through your list of suppliers and click on the name of the supplier for whom you want to set the account and tax rules.

  3. Choose Account Payable: In the supplier’s profile, find the option to select the account payable. This is the only account you need to set for a supplier, used to track the money your business owes to the supplier. Choose the appropriate account from the dropdown list provided.


  4. Selecting Payment Terms: Locate and click on the dropdown menu to select your desired payment terms from a list of available options, ensuring the terms align with your business needs and transaction requirements.


  5. Set Tax Rules: Next, set specific tax rules for the supplier by selecting the appropriate option from another dropdown list. This step ensures that the correct taxes are applied to the purchase transactions with this supplier.


  6. Save Changes: After configuring the account payable and tax rules, make sure to click on the "Save" button, located in the top right corner of the page, to save these settings.

Following these straightforward steps will allow you to efficiently manage the financial aspects related to your suppliers in ZapInventory. Properly setting the account payable and tax rules for each supplier helps maintain financial accuracy and adherence to tax regulations, essential for a seamless procurement and accounting process.

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