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VENDOR AGREEMENTAPPROVED WATER VENDOR INFORMATION1. Enter the complete vendor/business name:2. Enter the company VEIN (Federal Identification Number): 3. Enter the business mailing address (including

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How to fill out vendor master file when

01

Collect all required information from the vendor such as name, address, contact information, tax identification number, and payment terms.

02

Verify the accuracy of the information provided by the vendor before inputting it into the system.

03

Create a new record in the vendor master file for each vendor, ensuring that all required fields are filled out correctly.

04

Assign a unique vendor code or number to each vendor for easy identification and tracking.

05

Regularly update the vendor master file to reflect any changes in vendor information or payment terms.

Who needs vendor master file when?

01

Accounts payable department uses the vendor master file to track and manage payments to vendors.

02

Purchasing department uses the vendor master file to verify vendor information before making purchases.

03

Finance department uses the vendor master file for budgeting and forecasting purposes.

04

Auditors may need access to the vendor master file to review vendor information for compliance purposes.

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What is vendor master file when?

The vendor master file is a database that contains information about vendors/suppliers.

Who is required to file vendor master file when?

Any organization or individual that conducts business transactions with vendors/suppliers.

How to fill out vendor master file when?

The vendor master file can be filled out by entering relevant information about the vendor/supplier such as name, address, contact information, payment terms, etc.

What is the purpose of vendor master file when?

The purpose of the vendor master file is to have a centralized database of vendor/supplier information for easy reference and management.

What information must be reported on vendor master file when?

Information such as vendor/supplier name, address, contact information, payment terms, tax ID, and any other relevant details.

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