The Vendor tab is designed to streamline and automate the vendor management process, ensuring the accuracy and completeness of vendor transactions.
How to Use the Vendors Tab
Transactions by Vendor: Easily navigate and manage transactions categorized by each vendor, providing a clear view of financial interactions.
Quick Summary Links: Access handy quick links to:
View a summary of your transactions by vendors
Monitor total spend by vendor
Track new vendors
Identify vendors with transactions spanning across multiple categories to ensure accuracy.
From the Vendors tab, you can also create new transactions, as well as edit existing ones, directly linking them to the relevant vendors.
How to Add a Vendor
In Digits, adding a vendor is seamlessly integrated within transaction management. Digits automatically detects vendors on Connections, CSV and Digits Pay transactions. It will create a new vendor, only if it doesn't already exist, and researches the vendor logo, website and other relevant information.
Follow these steps to add a new vendor:
Begin by creating a new transaction or accessing an existing one where you need to add a vendor.
Within the transaction, click on the Vendor field. Start typing the vendor's name.
As you type, if the vendor is not already in the system, you have the option to click Add. Digits will subsequently conduct a comprehensive search and automatically populate the vendor's logo, description, website, and social media links.
To access more information about a vendor, click on the vendor's name or hover over the vendor. This will open the Vendor page, providing a full overview of the vendor's profile and related transactions.
Can I Edit a Vendor?
As of now, vendor details are not editable in Digits. If you wish to change an existing vendor name, you can remove it from the transaction and add a new vendor with the correct information. If possible, we will collapse them.
Can I Delete a Vendor?
No, vendors cannot be deleted in Digits. If a vendor is no longer in use, please ensure that they are not selected for future transactions. Instead, begin using the new vendor for any ongoing business needs.
If you require additional support or have any questions, please don't hesitate to reach out to us through our contact form. Our team is here to assist you with any concerns or further guidance you may need.
Additional Resources:
Accounting for Startups: Everything a Venture-Backed Founder Needs to Know
How to Build the Perfect Startup Financial Tech Stack (According to a Founder Who Has Done It)