Field Description - Vendor Payment Method

The Vendor Payment Method (also called Chk/Invoice/None) identifies how the employer pays the vendor the total amount for a deduction or fringe for all employees per payroll.  You can maintain this field during Deduction Master Maintenance and Fringe Master Maintenance.

Methods:

• N - None:  Payment to the vendor is handled manually.  This setting applies to facilities that do not use Vender Invoices and Checks.  You do not need to enter a Vendor Number with this option.

• I - Invoice:  The post* process creates a vendor invoice transaction.  Accounts Payable in the Fund Accounting module handles payment to the vendor.  Enter the Vendor Number with this option.

• C - Regular A/P Check:  The post* process creates a vendor invoice transaction.  Payroll A/P prints a check for the vendor.  Enter the Vendor Number with this option.

• CN - Non-printing A/P Check:  The post* process creates a vendor invoice transaction.  Payroll A/P handles payment to the vendor, but no check is printed.  Use this option for payments that are automatically withdrawn from the employer's checking account by the bank.  Enter the Vendor Number with this option.

Example:

Tips:

• * One of three post programs can process codes C, I, and CN - Payroll Post, Post to Vendor Transaction Files, or Fringe Distribution Post.

• Remember to enter the Vendor Number with codes C, I, and CN.

• For more information, refer to Understanding Vendor Invoices and Checks.

Format:  predefined