We need to do a legal name change for a vendor who is an employee. What documentation do we need.
For a vendor who is an employee backup is needed showing the new last name and parties should insure the change has also been made with HR. Providing backup from the HR system is sufficient.
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What if a vendor on contract reaches out to us with an address, banking, name, or taxpayer Identification TIN change?
1. CHECK CAREFULLY: Be aware that scammers do reach out to public entities to change vendor information in order to move money into their pockets. Any information about a vendor's address, banking, name, or taxpayer Identification TIN changes must be ...
Modify a Vendor
Background A VCM (Vendor Change Modification) document is used to modify or add to an existing vendor record. This document is used to update Vendor/Customer table information and 1099 Reporting Information table information. Changes submitted ...
How do you adjust the 1099 Address on a VCM?
Answer To change the 1099 Address on a VCM, please follow the steps below. 1. Create a new VCM from the Document Catalog 2. Go to the 1099 Line on the VCM 3. Insert a line 4. Select “Load Values” 5. Mark Line Action “Modify” 6. ...
I forgot to add backup documentation
To add backup information after you have submitted a document (GAX, GMA, VCM etc): · Open the document · Click on the 9 dot menu · Click on the “add a comment” icon · Add a new line · Put something in the “subject” box · Expand the line by clicking ...
Some employees aren't in FINET
Employee/ Vendor records are set up and maintained to mirror payroll records and should never be modified in any way by agencies (Do not create VCC/VCM for employees). Going forward all Employee records will be maintained by the Division of Finance ...