Peachtree allows you to add vendors and process vendor, Ask an Expert

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Peachtree allows you to add vendors and process vendor invoices for payment. What would be the transaction cycle? (hint: for sales cycle it was Sales- AR-Cash Receipts. Why is it important for an accounting system to force the user to add a vendor to the system instead of just typing out the vendors name on a check? Is there a potential for fraud using fake vendors?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9956191

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