Vendor Name Changes
When we get a notice of a vendor name change, we have been expiring the old vendor and setting up a new vendor record. But we have the issue of duplicate Taxpayer ID Numbers (TINs), and it seems that Oracle's 1099 reporting won't run until we resolve all the duplicate TINs, even if they are assigned to expired vendors.
(This happens a lot with law firms and other partnerships, which add and remove partners in their name, but maintaining the same TIN).
What's the best way to handle this? Just changing the name on the vendor record seems sketchy, but I can't see any other way to handle it...
(This happens a lot with law firms and other partnerships, which add and remove partners in their name, but maintaining the same TIN).
What's the best way to handle this? Just changing the name on the vendor record seems sketchy, but I can't see any other way to handle it...
Tagged:
0