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Reassign/merge vendors or create new vendor - Mortgage transferred
Posted: Mon May 02, 2022 6:50 pm
by christybeth
Our mortgage was transferred to a new foundation and I am wondering if I should create a new vendor or reassign a vendor ID/merge within the Accounts Payable module. What is the best practice as I am sure it has happened to others? Thank you in advance!!
Christy
Re: Reassign/merge vendors or create new vendor - Mortgage transferred
Posted: Tue May 03, 2022 12:49 am
by NeilZ
christybeth wrote: ↑Mon May 02, 2022 6:50 pm
Our mortgage was transferred to a new foundation and I am wondering if I should create a new vendor or reassign a vendor ID/merge within the Accounts Payable module. What is the best practice as I am sure it has happened to others? Thank you in advance!!
Christy
It all depends on if you want to maintain the existing payment history to the old mortgage holder. I would, so I'd create a new vendor, and mark the old one as inactive.