[Ben Micek]

?I ran into a new vendor that is foreign owned. How do I put that in? is it any different than a normal vendor?

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Ben Micek
Accounts Payable
Outlook-Nebraska, Inc.
Omaha NE
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[Shari Bruno]

?Hi

We enter foreign vendors the same as US. The additional address lines are nice because the foreign addresses often have extended addresses, and assigning a country helps with reports later, especially if you have a large vendor list and you want to isolate just the foreign vendors. The fields for telephone, fax, etc are formatted for Western telephone numbers and don’t fit in those spots. We store telephone numbers in the Comment 1 or Comment 2 section of the Vendor Maintenance window.

Do you have any special requirements for the foreign vendors such as a different tax rates??

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Shari Bruno
Accounting Operations Manager
Bible League International
Crete, IL
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[Ben Micek]

I don’t believe we do. I was curious to see about the tax type . Is that different if foreign owned??

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Ben Micek
Accounts Payable
Outlook-Nebraska, Inc.
Omaha NE
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[Shari Bruno]

?There may be tax depending on what your are purchasing and the country it is being purchased from. We are a Not For Profit in the US so we are tax exempt, but at times a foreign purchase will have VAT. In those cases we used a GL code to identify that VAT was paid and do not create tax schedules to handle this.

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Shari Bruno
Accounting Operations Manager
Bible League International
Crete, IL
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