A new Vendor will automatically be created for outbound or inbound transaction where we’re unable to match with one of your existing Vendors on QuickBooks. This is usually because you don’t have one created yet.

When creating a new Vendor, we will also specify the currency since Vault is a multi-currency platform that enables spending in different currencies with the same vendor.

For example, if you spend your Vault card on Amazon Canada, and we don't find an "Amazon - CAD" in your Vendors list, we'll create "Amazon - CAD" for you. This new Vendor will be used to identify and record all your future transactions with Amazon Canada. If you then spend on Amazon US in USD, we will create "Amazon - USD" as a vendor.