Vendor Payment Schedule
VENDOR PAYMENT SCHEDULE
Prepared by: [Your Company Name]
I. Introduction
This Vendor Payment Schedule outlines the details of payments to vendors for [YOUR COMPANY NAME] as managed by the Finance Department. It ensures timely and accurate disbursement of funds to maintain strong vendor relationships and operational efficiency.
II. Vendor Information
|
Vendor Name |
Address |
Contact Person |
Contact Number |
|---|---|---|---|
|
Acme Supplies Inc. |
123 Main Street, USA |
John Smith |
(555) 123-4567 |
|
Best Electronics Ltd. |
456 Oak Avenue, USA |
Jane Doe |
(555) 987-6543 |
|
Quality Services LLC |
789 Elm Road, USA |
Michael Johnson |
(555) 555-1212 |
|
Green Solutions Co. |
321 Pine Lane, USA |
Sarah Brown |
(555) 456-7890 |
|
Reliable Parts Supply |
567 Maple Street, USA |
David Lee |
(555) 789-0123 |
III. Payment Amount
|
Vendor Name |
Payment Amount ($) |
|---|---|
|
Acme Supplies Inc. |
$5,000 |
|
Best Electronics Ltd. |
$8,200 |
|
Quality Services LLC |
$3,500 |
|
Green Solutions Co. |
$6,000 |
|
Reliable Parts Supply |
$4,800 |
IV. Invoice Details
|
Vendor Name |
Invoice Number |
Invoice Date |
Amount ($) |
|---|---|---|---|
|
Acme Supplies Inc. |
INV-20240101 |
2024-01-01 |
$5,000 |
|
Best Electronics Ltd. |
INV-20240115 |
2024-01-15 |
$8,200 |
|
Quality Services LLC |
INV-20240201 |
2024-02-01 |
$3,500 |
|
Green Solutions Co. |
INV-20240215 |
2024-02-15 |
$6,000 |
|
Reliable Parts Supply |
INV-20240301 |
2024-03-01 |
$4,800 |
V. Terms and Conditions
|
Vendor Name |
Payment Terms |
Discounts (%) |
Payment Penalty ($) |
|---|---|---|---|
|
Acme Supplies Inc. |
Net 30 days |
2% if paid within 10 days |
$50 |
|
Best Electronics Ltd. |
Net 45 days |
3% if paid within 15 days |
$75 |
|
Quality Services LLC |
Net 60 days |
1% if paid within 20 days |
$100 |
|
Green Solutions Co. |
Net 30 days |
2% if paid within 10 days |
$50 |
|
Reliable Parts Supply |
Net 45 days |
2% if paid within 15 days |
$75 |
This template now uses placeholders for [YOUR COMPANY NAME] and ensures all content within brackets is in bold format as per your instructions.
