Out of the box Sage has a 'last touched' time stamp. Every record has 4 Audit fields. For master records such as Vendor this is not what you are chasing - as the audit records are over-ridden with the latest update time and user, and no trail is kept.

Pacific Technology supply a tool called 'Audit Logger'; that will do exactly what you want.

http://www.pacifictechsol.com/?q=pts-solutions/sage-accpac-erp-products/audit-logger