I have searched and tried to find the answer, before using test data, to determine the following:
1. If a vendor was not properly set-up as a credit card vendor - can you change the status and begin using the transfer option by
simply marking the box and inputting the credit card data?
a, If you can do option one, do you have to re-index the information to begin properly using the credit card option?
b. and transfer back to the vendors for all the open invoices incorrectly listed under the credit card vendor?
c. For option one, if this can be done, is there an easy way to correct the information that WAS NOT properly transferred to the
vendor resulting in understated vendors for 1099 purposes.
2. OR.... Can you merge a non-credit card vendor to a newly established vendor that is properly set-up for the credit card option?
a. If so, once merged, can you then use the transfer option on those invoices currently reported as payable under the
credit card that need to be transferred to the correct vendor?
b. Since the historical information will also merge, unless you have the option for only current OPEN invoices, how do you
go back and transfer the information to the correct vendor?
Realizing that this is rather in-depth, I am sure I am not the only one that has stumbled upon this situation at year-end as part of an A/P verification re-structure and would greatly appreciate help on this item so that we can fix 2012 going forward correctly.
Thanks in advance.......
Controller
