Cleansing the Master Vendor File: 5 Pointers

Опубликовано: 08 Март 2022
на канале: AP Now

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Cleansing the master vendor file 5 pointers focuses on this often-overlooked vendor file task. Cleansing the vendor file is never fun. The vendor file in accounts payable is sometimes called the master vendor file or the vendor master file. Whether you call it the master vendor file or the vendor master file or the accounts payable vendor file, cleansing master vendor file is an important task. #Vendorfile responsibilities in #accountspayable are part of the #accounting function.

Responsibility for the vendor file includes eliminating fraud in the vendor file and implementing strong vendor file controls.

Regardless of where responsibility for master vendor file lies, cleansing the vendor file on a regular basis is part of a best practice accounts payable or purchasing function. Does master vendor file belong in accounts payable or purchasing is a frequent question. The answer is that as long as master vendor file best practices on a regular basis, it doesn’t really matter. Best practices in accounts payable by their very nature include best vendor file practices.

Cleansing the master vendor file is a tedious task that can be improved by following the 5 pointers discussed in this short piece. It focuses on the often-overlooked task of Cleansing the vendor file which is never enjoyable. The vendor file in accounts payable is called many different things, sometimes the master vendor file or and sometimes the vendor master file. Regardless of what you call it cleansing master vendor file is an important task.

This is episode 144 of the AP Now podcast

Link to Episode 77: Using Excel to Find Duplicate Vendors in Master Vendor File • Episode 077: Simple Analytics: Using ...

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