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author's profile photo Former Member
Former Member

alternative payee in vendor master record

hi,

pls make me me known that 'what is alternative payee,where this field is exist in sap,what is the importance of that one

regards

jana

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 30, 2008 at 01:31 PM

    hello

    this field is define in FK03 transaction in ligule "payment transactions" this field is needed if payments are not to be made directly to the vendor to whom the payble is owed.

    meir

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 30, 2008 at 01:59 PM

    yes..... It means..you can mention the name of the party which should be displayed on the cheque.. instead of original Vendor.. It happens with the intimation from the original vendor only....Regards..SK

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 30, 2008 at 02:02 PM

    hi

    using this functionality you can set another vendor as a receiver of the payment. When you run the payment program the invoice will be pay to the alternative payee's bank account instead of the vendor's bank account.

    That could be useful in factoring, when you ahve to pay and invoice to a bank instead of the vendor itself

    hope this helps

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