Table: Non-US Vendor Setups vs US Vendor Setups For US Based Entities

Your company is a US based company and you have a Non-US vendor that will be providing a service or goods, and the vendor needs to be setup in your Vendor Master File. There are differences in forms, banking details and validations.  Here’s a quick graphic for this week.   

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Be sure to check with your organization’s leadership, audit and/or legal department before making any changes to your current process. 

#stayhappy #puttingtheapinhappy #Vendorsetup #vendormasterfile #accountspayable #manualvendorsetup  

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Debra R. Richardson,

MBA, APM, APPM, CPRS

Debra is an accounts payable speaker, consultant, and trainer with over 20 years of experience in AP, AR, general ledger, and financial reporting for Fortune 500 companies including Verizon, General Motors and Aramark.

For the past eight years, Debra has focused on Global Vendor Maintenance, and implemented a vendor self-registration portal for 140k+ global vendors across five Accounting Systems/ERPs. In her consultancy, she focuses on internal controls and authentication to prevent fraud in the vendor master file.

Want a handy Cheat Sheet that includes the links to vendor validation resources? Sign up for my mailing list below, download the Vendor Validation Reference List and share with your entire team! All Subscribers are entered into a monthly drawing to win a Putting the AP in hAPpy coffee mug.