How to create Vendor in Odoo 14?

A vendor master record contains the vendor’s name and address, as well as data such as:

• The currency used for ordering from the vendor.
• Terms of payment.
• Names of important contact persons.
• The vendor can be created as an Individual or company.
• Send Specific SMS to vendors anytime.
• Schedule meetings with vendor and follow-up.

Since, to the accounts department, vendors are generally creditors (accounts payable), the vendor master record also contains accounting information, such as the relevant control account (reconciliation account) in the general ledger.