Always Get a W-9 Form or Equivalent Before Paying a New Vendor

Vendor Threatens Lawsuit - Penny L. Kenealy, accounts payable manager at Colorado Mountain College, recounts an incident that underscores the necessity for the proper vetting of vendors. "An irate vendor called AP recently, demanding payment and saying we had a balance due for services rendered. I explained to the vendor that to my knowledge, there was no balance on the account. But he insisted there was, and told me he was going to take us to court if we didn't pay." "The vendor provided a…