Video: Best Practices for Handling One-Time Vendor Payments

Most companies have vendors to whom a payment will be made only once. When these payments flow through the Accounting System or ERP, Accounts Payable must determine how to set up these vendors. Setting up a vendor in the vendor master file for a one-time payment could risk duplicate payments, fraud, or bad vendor record data. Here are practices and tips on handling one-time payments to vendors, with three common scenarios of one-time vendors.

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