The Vendor Types profile list
is very similar to Customer Types, in
that it allows you to break down your Vendors into individual classifications
for the purposes of reporting. For example, to find out how much money
you spent last year on outside subcontracting, all such Vendors will need
to be grouped into the Subcontractors
As you can see, the current list of Vendor Types is listed to the left, whereas the editable fields are on the right. Just as with Customer Types, you can enter one or more Sub-Types of a particular Vendor Type. Equipment vendors, for instance, might be broken down according to the kind of equipment they sell.