Check list - To setup a new vendor

Do you check your master vendor file before setting up a new vendor?
Do you check if you have already set up the vendor?
Do you take it one step further?

Before setting up a new vendor do you check to see if you have a vendor already set up with the same address or TIN. Taking this extra step will prevent those few vendors who may have been set up using a DBA or some other name from slipping through. True, you may have two different vendors with the same address, but they won’t have the same TIN. This extra step only takes a minute or two to execute but could save your organization thousands of dollars down the road.

Check list before setting up a new vendor

1.Every new vendor should be verified to approved documents(such as contract amendments,verified correspondance etc)
2.Check for Duplicate vendors on file, be careful about how the vendor name is entered

All new vendor addresses or changes should be carefully verified with the help of Google map or a smiliar site. It is alway easy to check a vendor's office or location.

Genesis of Easy Accounts Payable Service

Welcome to easy accounts payable solutions:

I've a small team of talented accounts payable experts to deliver easy outsourced accounts payable process for your business. We use best practices and high levels of quality to process our client's accounts Payable efficiently and accurately. You can leverage our expertise to transform your payment activity by creating, reviewing, and approving documents related to vendor payment & related activities.

Benefits you win from my Accounts Payable service. You can

• Reduce your Accounts Payable processing costs by 20% to 50%
• Gain better management control over the Accounts Payable process
• Get expert opinion & implement best practices to your company
• Eliminate or reduce the burden of managing in-house staff

Apart from offering back-end solutions for your Accounts payable department, we streamline your process without the headache and expense of deploying additional resources.