Alternate Payee

[Former Member]

Hi.

If we want to enter an alternative payee in the master record of a vendor, is that alternative payee also to be an existing vendor of the company or not?

Thanks and Regards

SrinivasaRao

[Former Member]

There are 2 alternate payee fields in the vendor master - General data payment transaction screen and company code payment transaction screen.

Neither have to the same company code as the vendor you are maintaining the alternate payee for.

However, if the alternate payee belongs to another company code, you need to ensure that your automatic payment program is configured to allow cross company code payments.

Praveen.

[Former Member]

Hi,

You can also assign a alternate payee from a different company code.The Alt Payee need not be from the same company code.

It depends whats the business requirement is.

Regards

A

[Former Member]

Hi,

It's possible, first create as a vendor after that assigne as a alternative Payee, if u r post documents in alternative vendor also possible,

it's useful assigne points as a way to say to Thanks

Regards

gvr

[Former Member]

hello

Also make sure that in the master record of the alternative payee, the address details are properly filled up, other wise, when you run F110, the cheque details will have amount but no name.

reg

[Former Member]

Hi,

Yes, alternative payee has to be vendor first i.e. first you need to create a vendor, then you can assign that vendor as alternate payee.

SJ

[Former Member]

Hi Sandeep.

Thanks allot.

Regards.

SrinivasRao.