Vendor Remit To Settings

Access

Tabs:  General, Bank Details

Use this routine to specify one or more remit-to addresses for a vendor, each with a specific bank identification, allowing for approval of payments to addresses different from the vendor’s shipping address. You can access this routine via a menu option or from within the Vendor Settings via the Actions button on the Payables tab.

If you access the read-only version of this routine, you cannot edit fields on the screen.  This topic describes the entry version of the routine, but you can use it as a reference for the read-only routine.  

If using QuickBooks®, you cannot create multiple payable remit-to addresses for vendors, and the Check Print Bank field is inactive. If using STORIS’ generic TPA (Third-Party Accounting) Of or relating to an outside accounting software system such as QuickBooks® and used to interface STORIS data with such a system. The STORIS TPA interface is used as an alternative to STORIS Accounting. interface, the Check Print Bank field is also inactive.  If using STORIS Accounting, all fields and features are available.

VendorEnter the code of the vendor for which you want to enter remittance information. If you click on the Actions button, the Vendor Cross Reference window appears from which you can specify a vendor.

Remit To

General

TPA Vendor IDEnter the alternate vendor number you want to use to identify the vendor on the TPA (Third-Party Accounting) Of or relating to an outside accounting software system such as QuickBooks® and used to interface STORIS data with such a system. The STORIS TPA interface is used as an alternative to STORIS Accounting. system. When processing a vendor’s invoice, this ID overrides the ID specified in the vendor record. This field is inactive if using QuickBooks®.

Additional NameEnter the additional name (if any) you want to use for bank transmissions. You can enter up to 30 alphanumeric characters. For example, you can enter a DBA (doing business as) name or a factor name.

The name you enter here prints on Forms Designer check forms (use the payment_to_additional_name field) but not on STORIS standard checks.  The name also exports to the Chase Positive Pay file.

Remit-To NameEnter the remit-to name.

CountryEnter the code of the country in which the remit-to address resides. The country you enter must exist in the Country file. If you click on the Search button, you access the Country file from which you can make a selection.

Address Line 1, 2, 3Use these three fields to enter the remittance address.

The following three field labels are "dynamic" based on the masking settings in the Country record. For example, if US is the designated country for the current vendor, the first field below should be labeled "Zip Code".  Canadian vendors should display "Postal code". The default masks (from the US record) appear below.

Zip CodeEnter the zip code for the current remit-to address.

CityEnter the city for the current remit-to address.

StateEnter the state for the current remit-to address.

Email AddressEnter an email address (if any) to associate with this vendor remit-to address.  This is a free-text field.

Bank Details

Use this tab to specify payables information including parameters for electronic funds transfers (EFT). This tab is active only if using STORIS Accounting.

Remit-To BankUse these optional fields to enter additional information related to the current remittance address. If present on an import purchase order, this information appears on the IPI document.

Bank Information Line 1, 2, 3, 4Use these optional fields to enter additional information related to the current remittance address. If present on an import purchase order, this information appears on the IPI document.

Account Number

Account Type

Routing NumberUse this field to enter a bank routing number (also known as an ABA number) for the remit-to bank. You can enter up to 9 characters. This field is required for the NACHA EFT file format.

Financial Institution NumberEnter the financial institution number (if any) of the payee bank you want to associate with this remit-to address, using up to 3 digits.  Use this field with the Electronic Funds Transfers (EFT) feature.   This field is required for the CPA005 EFT and CIBC EFT file formats.

Transit NumberEnter the transit number, using up to 5 numeric digits. Use this field with the Electronic Funds Transfers (EFT) feature. This field is required for the CPA005 EFT and CIBC EFT file formats.

Check Print BankEnter the check print bank for this vendor remit-to address. The default check print bank (if any) appears from the Vendor Settings. You can override the default.

Payment Method