Hayes re: I need a report

[John Ralls]

> On Mar 15, 2016, at 7:57 AM, Derek Atkins <warlord at mit.edu> wrote:
> 
> Why?  This is a serious question.  If you bill different departments in
> the same company, are they being PAID by different departments?  Don't
> most companies have a single Payables department?  Certainly every
> company that I've worked for/in (at least those under 1,000 employees)
> have a single department that pays bills for the company.  I admit that
> I can't answer for the three major-sized companies I've worked for.

A company that uses job-cost accounting might want to treat bills for different jobs as separate accounts even if they came from the same vendor. There might even be different payment rules depending on the nature of the contracts for which the job applies, where a cost-plus contract's bills would be paid first and general overhead (not chargeable to any job) paid last.

A vendor for that company would be very interested in keeping track of payments by his customer's job code.

Regards,
John Ralls