What is a Counterparty?

Counterparty is a term used by cieTrade to describe a company with whom you conduct business. Understandably, your Customer may also be your Supplier and perhaps even an Expense Vendor. Rather than maintain separate lists for Customer, Supplier, and other Vendors, the Counterparty form is used to summarize the complete relationship between your organization and each business entity. When creating your Counterparty, you will assign roles, shipping locations, and invoice addresses to each of your business counterparts.

Counterparty Type: This is not limited to only one option. 

Users can now filter for Counterparties by Customers or Vendors, or by the Status of the Counterparty if it is Active, Inactive, or a Prospect. 

The primary Counterparty location should be where the billing and invoices should be sent. This is typically referred to as the INVOICE location. Additional service locations can be created within the locations tab. 

If you have additional questions, please contact the Support Team via email to  support@cietrade.net.