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hi my name is deborah r richardson of debra r richardson llc and i work with you to help you clean up your vendor data clean up your vendor processes so that you can pay the right vendor now this weeks vendor master file tip of the week is why you should collect the contract for your vendors and then once youve collected it what do you do with it so lets start by seeing what three pieces of data i consider to be useful on that contract and the first piece of data is the tax id so you want to verify that the tax id that you have collected from the irs w9 matches the tax id that is on the contract and this comes in very as as a very helpful piece of information especially if the irs 10 match is unsuccessful you can see if theres just been a typo on the tax id also you can verify that youre just collecting the right irsw9 i mean i used to work for a company that had hundreds of entities and therefore they had hundreds of legal name tax id combinations hundreds of w-9s that could be s
