Dynamics GP - online business software allows you to manage by adding vendors to your vendor master file. You are able to setup vendors for you to simplify accounting and payables purchasing transactions.
According to my GP cloud, you can specify settings for 1099 reporting that greatly simplify the accounting for and reporting of payments made to 1099 vendors.
You may specify Vendor Classes to set up vendors for much easier reporting and data entry.
Vendors are automatically added to the rich Smart List reporting tool that make getting to data quick and easy.
Here is a quick online video which will shows you how to accomplish this: http://youtu.be/agczdutcAtM
To read more related to online financial software visit - http://www.mygpcloud.com
Resource For This Article - http://blog.mygpcloud.com/2012/12/adding-vendors-in-dynamics-gp
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