Vendors

The vendor record is where specific information related to a vendor resides in the system. Enter all necessary details as they pertain to each vendor. Vendors can also be organized into vendor groups for filtering purposes on the Payment Run sc...

R365 offers the ability to track 1099-MISC, 1099-NEC, and 1099-INT transactions by  Vendor  and organize 1099 processing by  Legal Entity  or Common Payer. The advanced setup and functionality of 1099 information in R365 allows m...

1099 Vendors must have one of the following 1099 Types selected on their  Vendor record : Individual or Company. When selected, additional information, such as Name and Tax ID, is needed to better classify the Vendor. When the '1099' tab was a...

Sometimes duplicate vendors get created with the same or similar names with slightly different spellings. Since duplicates cannot be deleted, duplicates can be removed by merging transactions together. This can be done easily by following the steps ...

Payment Terms are used throughout R365 to specify the terms in which a payment should be received. There are five payment term presets that exist when the system is created. Apart from those five payment terms, Users will need to create and m...

This process does not apply to ACH payments processed by R365 Payments . If a vendor prefers to be paid by ACH, users can configure this preference on the  Vendor record  by changing the Payment Method to ACH. In addition to setting ...

Occasionally, you may receive a credit from a Vendor that is a Check or ACH. The following process allows you to reconcile ACH and Check payments for credits with your Vendors, thus allowing the relationship between the Credit Memo and the ACH payme...

If your Organization is integrated with Fintech, refunds will be returned to you via a negative AP Invoice or a negative value on an AP Invoice. To help document this as a refund in R365, each Organization has the option to select how refunds are pr...

A Vendor Group can be easily added from the Vendor record . It is important to note that once a Vendor Group is created, it cannot be deleted .  Navigate to the 'Vendor Additional Info' tab of the desired Vendor record . In the Vendor ...

To add 1099 history (payments from your old system for the current year) to a Vendor, you need to create a Beginning Balance AP Invoice and Payment for the YTD 1099 amount from your old system. Before following the steps below, please ensure that&nb...

The only time an automated prompt will appear asking if you would like to print a Remittance Advice is when you pay a Vendor for more than 16 items; otherwise, you will not be prompted. However, if an ACH Vendor requests a Remittance Advice, you can...