A supplier class has only two required parameters: class ID and description. For each class, you can decide which additional elements to use.
You can enter payment terms, currency, rate type, country, VAT zone, and specific general ledger accounts and subaccounts.
You can also enter a default cash account and payment method for the class.
Do not select a foreign currency as the default currency for a supplier class, unless most suppliers of the class use this currency.
If all suppliers of the class use the same currency, you can prohibit overriding the currency on supplier documents, thus reducing the chance of input errors related to currency choice.
If some suppliers might use a non-default currency and non-default rate type on individual documents, you may allow currency overriding for suppliers in the class.
When you create a new supplier in the Suppliers (AP303000) window, by default, the elements have the values that were specified for the default supplier class.
If the new supplier should be assigned to a more specific class, select the appropriate class, which changes the default values.
You can override any value, making it specific to the supplier. However, if you have to override many values similarly for multiple suppliers, consider creating a new supplier class.