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Vendor Types Premiums are used to classify Vendor Classes by functionality. In Accounts Payable, all Vendors are auto-assigned a Vendor Type of "Vendor", In Fisherman Accounting, accounts can be assigned a Vendor Type of either Fisherman, Tender, Fisherman & Tender, or Loanrepresent things that increases the price you pay fishermen for their fish. Premiums can be configured to be manually added or automated based on business rules.