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Third-party tax registration number

in Receivables & Collections 7 comments

Summary: The 24A upgrade has the new feature 'THIRD-PARTY TAX REGISTRATION NUMBER DEFAULTING FOR RECEIVABLES TRANSACTIONS'. Me and my colleagues are a little confused as to what the purpose of the 'Third-party tax registration number' field is. Can anyone shed any light on this?

I see under Customer there is a 'Third-party tax registration number' field, and under Miscellaneous there is a 'Tax registration number' field. Can anyone define the difference between what should be entered into these fields? We're not sure who the 'third-party' is.

Our organisation is based in the UK and our best guess is that one of these fields would be used for European organisations that require their tax numbers to be included on the invoice to them, before they would be willing to pay the invoice.

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