Summary
Pending items can be entered into AR manually using online pages or brought from external sources. A set of staging tables stores the pending item groups. The Receivables Update process posts these pending items, which then become items and part of the customer's balance.
Item maintenance activities include item write offs, refunds, and offsets. The Automatic maintenance process is used to automate the item maintenance activities. Maintenance worksheets are used to perform these activities manually.
The AR module is used to record customer payments through electronic methods or manually. Lockbox is one of the most widely used electronic payment methods. We can also upload payments through Excel spreadsheets. PeopleSoft provides a group of staging tables to store electronic payment data from external sources. The payment loader process reads the data from these tables and creates payments.
Received payments need to be applied to customer items. Payment worksheets are used for manual...
