In order to maintain a healthy and positive bottom line, you need to be aware of what your business expenses are. An expenses by vendor summary report provides detailed information about the vendors on whom you are spending your money. This report includes a list of vendors and the total amount you have paid for a specific time period. You can use this report to gauge what your largest expenses are. Plus, you can also use the information on this report to negotiate better pricing with those suppliers from whom you purchase the most.
Follow these steps to generate an expenses by vendor summary report:
- Navigate to Reports from the left menu bar, as indicated in the following screenshot: