47

Currently, vendor bank accounts and method of payments are maintained at header level for individual vendors. It would be nice to have bank accounts and method of payments assigned to individual vendor addresses. If a vendor has multiple pay sites i.e. multiple addresses with different banking and method of payment information, bank account and method of payments linked to the address can be used to create remittances. A lot of times this is a requirement from large vendors to process electronic payments. Setups defined at the address level should override header level setups.

STATUS DETAILS
Under Review
Ideas Administrator

Thank you for your feedback. Currently this is not in our roadmap; however, we are tracking it and if we get more feedback and votes, we may consider it in the future.

 

 

Sincerely,

 

Annette

 

PM, Microsoft

Comments

Z

Yes. This would be very helpful as it is important to only have 1 vendor master and many remit to addresses.

In addition I would add to the request:

defaulting VAT registration number (=Tax Exempt Number, this really needs to be renamed)

defaulting VAT Group/Sales Tax group

Category: Procurement and Sourcing

Z

Yes. This would be very helpful as it is important to only have 1 vendor master and many remit to addresses.

Category: Procurement and Sourcing

Z

We have customers who are requesting this feature!

Category: Procurement and Sourcing

Z

I agree - this would reduce the number of vendors as some are strictly setup for the purpose of different EFT payment.

Category: Procurement and Sourcing

Z

In addition I would add to the request:
defaulting VAT registration number (=Tax Exempt Number, this really needs to be renamed)
defaulting VAT Group/Sales Tax group
 
Vendor can have offices in different countries/regions that have different VAT rates
Vendor can operate from different locations using different VAT registration (for example, using the 3PL registration, or having a branch in another country with another registration ID). 

Category: Procurement and Sourcing