Bills - Separate Payee Name field for vendor factor payments
We need a separate Payee name field for our Vendors. We have several vendors who factor their AR so we need to pay the factor company, not our vendor. Currently, the only way to do this is manually which is a hassle when writing a batch of checks.
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50 East Shoes
shared this idea
Thanks for sharing this idea. We understand the request for a separate Payee Name field so payments can be made to a factoring company without changing the supplier's main contact details.
I’ve updated the status to Gaining Support so we can continue tracking community interest. How do you imagine this working in Xero, and where would you expect the Payee Name to be used?
