Bills can be entered into the system manually or brought in through the Billing interface. PeopleSoft offers a set of interface tables which act as a staging area for bills coming from other PeopleSoft modules such as Order Management, Contracts, and so on or external non-PeopleSoft systems. A batch process known as Billing Interface reads the data from interface tables, performs the validations and creates bills in the Billing system. This option is suitable for high volumes of billing data.
A set of batch processes perform various operations such as finalizing the bill, printing invoices, creating accounting entries, and interfacing the bill data to other PeopleSoft modules such as General Ledger, Accounts Receivable, and Accounts Payable.
If created invoices need to be modified, PeopleSoft offers two methods to do so: crediting entire bill or crediting specific bill lines. In Billing module, we can handle various scenarios such as Deferred Revenues (where revenue recording can...
