Skip to main content
A
arkvalleyinfo
October 16, 2018
Solved

What is a vendor vs a customer?

  • October 16, 2018
  • 4 replies
  • 0 views
Original commenter did not share additional details
Best answer by Countrymusicmom
A vendor is who you purchase from.

A customer is who you sell to.

4 replies

C
CountrymusicmomAnswer
October 16, 2018
A vendor is who you purchase from.

A customer is who you sell to.
A
arkvalleyinfoAuthor
October 16, 2018
So, would an insurance company still be a vendor when you receive proceeds from them?  What about your bank or brokerage firm, your employer and the IRS?  What names would go in the "Other Names" list?
C
Cherilyn
January 22, 2019

Yes, your insurance company is a vendor even though you may get a refund from them.

I find it is best to rarely use 'other names'. About the only instance would be a shareholder or officer.

M
MM608
February 10, 2022

I run an automotive shop. I buy parts to fix cars through various companies like O'Rileys, Autozone etc. Would they be considered "vendors"? 

Rose-A
Rose-A
February 10, 2022

Yes, you can consider them as vendors, MM608.

 

A vendor is a general term used to describe any supplier of goods or services. They sell products or services to another company or individual.

 

In case you need some related article in managing your vendors and transactions, you can always visit our Income and Expenses article for reference.

 

Don’t hesitate to post a comment if you have any other QuickBooks concerns. I’ll be right here to answer them for you. Have a great day ahead.

L
Lovehorer
April 24, 2023

Do you have to make a refund label, under category with the vendors name? I'm having a hard time figuring this out 

P
PeaceinPAwilds
July 27, 2023

We have a board of directors, and the members get mileage, etc., reimbursed for meetings; are thy customers or vendors?

Nicole_N
Nicole_N
July 27, 2023

Hi there, @PeaceinPAwilds. 

 

You can consider them as vendors. If you haven't already, you can set up a vendor profile for your employee and a special expense account to track the reimbursements. I'll guide you on how:

 

  1. Go to the Expenses menu, then select Vendors.
  2. Select New vendor.
  3. Enter your employee's info.
  4. Give your employee's vendor account a unique name in the Display name field. Tip: Add "(Mileage)" to the end so you know which vendor profile to pick to track mileage.
  5. Select Save.

 

To learn more about the process, kindly visit this link: Reimburse employees' mileage and vehicle expenses in QuickBooks Online. This will guide you to the next steps you need to take.

 

If you have clarifications while doing the process or have additional QuickBooks questions, feel free to leave a reply. We'd be glad to answer them for you. Keep safe.

Terms & ConditionsAccessibility statement