Vendor master
In accounting, vendor master means the record of every approved vendor — legal name, tax classification, TIN, tax form on file, bank details, default terms and who approved the setup. Bank details are versioned, never overwritten.
Authority: Internal control — SOX §404. Sources
The lessons that teach this
From the free founder back-office course, taught on one company's books, with exercises to work it yourself.
- APVendor onboarding: W-9, W-8BEN and TIN matching › Foreign vendors and the W-8BENForeign contractors give a W-8BEN, not a W-9; services performed abroad get no 1099; and the form lapses after three full calendar years.4 min
- APPayment runs, payment methods and fraud controls › Payment fraud: business email compromise and the controls that stop itBusiness email compromise, the vendor bank-detail change it runs through, and the segregation-of-duties controls that stop it.6 min
What it is not called
Each of these means something else. Use one here and an accountant reading the product notices.
- vendor list
- supplier file
Components that render this
These components name it in their spec, grouped and labeled exactly as the catalog shows them.
Components that render the terms it depends on
Few components name this concept outright, but it's built from terms they do name. These render vendor.
Also in Payables
Defined in Lexicon. This page is generated from that document, so the two can't disagree.