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Vendor Account Groups, Remit to accounts


Please explain to me the reason for numerous vendor account groups?  If there are 4 account groups, they all have the same number ranges why do you have so many?  Don't you only need one?  Isn't the reason for number ranges, as well as configuration of available fields in the vendor master data screens?

Also if I have 4 remit to addresses for one vendor, I want to set them all up as a partner on the main vendor number so that we just pick one when we need it.  We do not need 4 vendor accounts set up?

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1 Answer

  • Jan 05, 2015 at 06:32 PM

    Hi Ellen,

    There are several reasons why we create multiple account groups even though they have the same number range. A few of them may be related to reporting and accounting for these vendors. We can group them by location (local, foreign), one time vendors (OTV). With this, each account group should/will have different reconciliation accounts for easier accounting.

    Hope this helps.

    Regards,

    Jayj

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