Business transactions are posted to accounts and managed using those accounts. You must create a master record for each account that you require. The master record controls how business transactions are recorded and processed by the system Before you create a vendor master record in Accounting, you need to make sure that the master record is not already created in Purchasing. You can use the system?s search facilities to do this creating a vendor master record using refernce: You can create a master record by referencing an existing one,in which case the system copies.