Understanding important billing configurations

So far we have familiarized ourselves with the basic business process and the system features used by the PeopleSoft Billing module. Now we will understand some of the important configurations that enable these business processes. We'll discuss the following configuration options, which are not necessarily set up in the same order:

• Invoice number IDs

• Bill types

• Bill sources

• Invoice formatting and printing options

• Distribution codes

• Billing charge codes

• Discounts and surcharges

• Billing business unit

Configuring invoice number IDs

PeopleSoft Billing offers a flexible invoice numbering structure that enables the creation of various conventions for invoice numbers.

Let's assume that Global Vehicles Inc. needs to number its invoices in the format GV-US-XXXXXXXXXX. The first part of the invoice ID is static where GV denotes Global Vehicles. The second segment indicates the geography (such as the US) and the last segment will denote the 10-digit invoice ID...