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How Single Cheque payment to Multiple Supplier Inv
Posted: Fri Mar 14, 2008 5:58 am
by kishorebhupati
I want to issue a Single Cheque to Muliple invoices with different Suppliers for that I select the Alternate Name to be same in All suppliers.
Explian how it can be done without trans
Posted: Fri Mar 14, 2008 8:50 am
by venureddy
hi kishore,
For that u need to create payable documents at bank level,where u need to give the number of documents say 1 to 50 .Now u can pay 50 invoices...reply me,if it is wrong
Regards
venu reddy
Posted: Fri Mar 14, 2008 8:59 am
by kishorebhupati
This is not creating of Payble document Numbers in bank I want to issue a single cheque to multiple invoices with multiple suppliers.
Posted: Fri Mar 14, 2008 9:00 am
by divakerp
Kishore,
Very sorry to ask... If we think in a live scenario, how can it be feasible to pay different suppliers with a single check. Please clarify.
Posted: Sat Mar 15, 2008 6:25 am
by kishoreoracle
hi kishore, this not possible to make payments to multiple suppliers issuing a single check. it is not possible at all. correct me if am wrong.
Posted: Sun Mar 16, 2008 3:28 am
by Raja73
Somebody asked the scenario:
It can be like this.
Issuing a cheque One Check to the Banker to obtain multiple Pay orders / Demand Drafts etc. and later ditributing those Pay orders / Demand Drafts to the Suppliers.
Work around has to be developed like create a dummy bank account with DD / Pay Order Numbers numbers as payable document numbers (Cheque numbers). make the payment to the dummy bank account with one cheque and from there issue multiple cheques (DD numbers given by bank) to the suppliers.
If somebody has good work around, please give us so that I can improve myself
DONEPUDI
Posted: Mon Mar 17, 2008 6:55 am
by ramesh.nalem
<b>Single Cheque to Muliple invoices with different Suppliers </b>
That is possible through a process called Electronic Consolidated Payment System (ECPS), formerly known as Electronic Billing System, to capture multiple invoice transactions recurring for major suppliers such as phone, utilities, fuel companies and PWGSC for taxis. The major benefits of this process are the saving on the number of staff required and time needed to input numerous individual transactions. Invoices are processed in an efficient manner, posted electronically and suppliers are paid immediately by the issuance of a single cheque.
Posted: Tue Mar 18, 2008 1:02 am
by kishorebhupati
Hi All,
Raja and Ramesh has put some useful opinions and understood what the real Scenario demands ,in our case it is issuing of Demand Drafts to 100 Fuel filling stations and similarly payment of salaries also is a Scenario. I invite and welcome others also to put some light in to this problem and creating Dummy Bank account may solve the problem to some extent but not in toto.