Vary payer in doc

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How to vary payer in doc

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What is an alternate payee?

(8) Alternate payee defined The term alternate payee means any spouse, former spouse, child or other dependent of a participant who is recognized by a domestic relations order as having a right to receive all, or a portion of, the benefits payable under a plan with respect to such participant.

How to create an alternative payee in SAP?

If you double-click on the line with the vendor transaction (usually posting key 31 invoice), you will jump to the details of the invoice transaction line. If you now choose menu item Extras - Alternative Payee, you can enter the payee data individually (figure 3).

What is the difference between an alternate payee and a permitted payee?

Alternative payee: Is a payee you define at company code level (LFB1-LNRZB). Applies to all invoices for a vendor. Payment is made to the Alternate vendor instead of the vendor to whom the payable is owed. Permitted Payee: Is a alternative vendor you define at the document level (INVFO-EMPFB).

How to check alternate payee in SAP?

Go to SAP transaction SQVI and create a new QuickView. Choose Data Source table and table=LFA1. On the next screen, select fields that you want to see in the report/QuickView results, e.g. vendor number and name, and name of alternative payee.

What is alternate payee in vendor master?

Alternative Payee In Document is a field available in the general data selection criteria in the Vendor Master. If this field is enabled the payment technically can be made to anyone who may or may not exist in the Vendor Master.

What is the difference between a supplier and a payee?

If someone paid the supplier using a personal credit or debit card, the company or website from which the order was made remains the supplier. The individual person (whose personal card was used) is the payee, who then reclaims the cost via the Expense Claim purchase type.

What does payee vendor mean?

Vendors typically have a contractual agreement or a business relationship with the payer, where they provide goods or services in exchange for payment. Payees, on the other hand, may or may not have a formal agreement with the payer.

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