We recommed that for entering a new customer/supplier, you use this option rather than the chart of accounts, so that your address book is updated accordingly.

Company Name	Enter the Supplier's company name.
Contact	Enter the Supplier's contact person name.
Street	Enter the address details of the supplier,such as street name or Colony name or location reference.
City	Enter the valid Supplier city name.
State	Enter the Supplier state name.
Postal Code	Enter the postal code of the Supplier
Country	Here Enter the country to which Supplier belongs.
Phone	This column is meant for Supplier's phone nos.
Fax:	Enter the fax number of the Supplier here.
E-Mail	Enter the E-mail address of the Supplier
Web Site	Enter the web site (if any) of Supplier
Credit Limit	Specify the Credit Limit for the Supplier
Balance (As of)	This is for entering the opening balanace of the customer as of a specific date.