New Functionality In Microsoft Dynamics 365 Business Central 2022 Wave 2: Use Multiple Remit-to Addresses for Vendors

This post is part of the New Functionality In Microsoft Dynamics 365 Business Central 2022 Wave 2 series in which I am taking a look at the new functionality introduced in Microsoft Dynamics 365 Business Central 2022 Wave 2.

The thirteenth of the new functionality in the application section is use multiple remit-to addresses for vendors.

Having multiple remit-to addresses for each vendor adds flexibility when paying invoices with checks

Enabled for: users, automatically
General Availability: October 2022

Remit addresses are used when you print checks to pay your vendors. Vendors can have multiple remit-to addresses for payments. For example, a vendor might supply an item from a subsidiary company, but wants to receive payment at their headquarters. Business Central lets you set up multiple mailing addresses for each vendor, making it easy to choose the correct location to send payments to on an invoice-by-invoice basis.

Remit addresses are available on Vendor Card pages and on the Shipping & Payments FastTab on purchase orders and invoices.

When you create payment journal lines using the Pay Vendor or Create Payment actions on the Vendors list page or Vendor Card page, or the Apply Entries action on a payment journal, Business Central will use the remit-to code on the vendor ledger entry. You can overwrite this value.

My opinion

This is another piece of new functionality which I am surprised was not already available in Dynamics BC, but it is nice to see it added. Most clients I work with do generally only have vendors with one address they use for remittances, but there have been a few with a requirement for multiple remit-to addresses.