Audience: Accounting Manager
Summary: Reviews how to manage grouped payments per vendor.
By default, MineralTree groups payments per vendor per payment date. This means that if multiple invoices for one vendor are selected in one payment batch and approved together, the vendor will receive one check and a remittance advice to indicate how to apply the payment to each invoice.
Payment grouping allows for fewer payment transactions to be initiated, saving on the cost of processing each check, and is typically more convenient for the vendor to process as well.
How to remove payment grouping
If a vendor requires one single payment per each individual invoice, this can be configured by Accounting Manager users in MineralTree on the Vendor Details screen, under Payment Preferences. (Search > Vendors > Click on Vendor)
The option is called Disable Payment Grouping.