We briefly discussed that pending items can be manually entered or loaded into PeopleSoft through an automated interface. In order to process these pending items, we first need to establish the necessary structure in the form of system function IDs, entry types and entry reasons. We'll explain these configurations now.
PeopleSoft delivers a group of system functions to specify all the different activities that can be performed within the AR module. Each system function specifies the accounting entries created by the system for a particular transaction. The following table shows the system function types:
|
System function type |
Description |
|---|---|
|
Direct debit: This is a form of receiving customer payments electronically | |
|
Draft management: This is another form of customer payments | |
|
Finance (Overdue) charges: These are the additional charges applied to a customer in the case of a late payment | |
|
Item entry: This... |
