Vendor Consolidation

[Former Member]

Hello Guru's

our's is USA Project, oiur client wants to consolidate Vendor's. currently they created many vendors numbers under different groups for one single Vendor as per Business requirment across locations.by this they r issuing multiple cheques to one single Vendor. now business wants to consildate Vendors.the main aim for Vendor Consolidation is to issue single cheque.

Please Suggect

Thanks in Advance

Thanks

Goutam

[ravichandran_iyer · Accepted solution]

One way is to define the Alternate Payee for those Vendors. Identify one account as Payee and assign that in all other accounts as 'Alternate Payee'. However this will work only if you are paying through Automatic Payment Program (APP). Again, you might have to reconcile these Vendors against each other.

If you want to close the many Vendor Accounts and manage a single Vendor, then you transfer the pending amounts from all Vendors via a JV to a single Vendor and then block the rest.

Ravi.

[Former Member · Accepted solution]

Hello Ravi,

Thanks for your suggection, I tried as mentioned by you .by keeping one vendor asa lternative payee and I excuted APP but Cheques were not printing on one vendor name.

do you have any doc, Please forward and Suggect

Thanks

Goutam

[Former Member]

Issue is Solved