alternative payee in vendor master record

[Former Member]

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

/

[Former Member]

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

[Former Member]

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

[Former Member]

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