Summary
Accounts Payable module is an important part of the procure-to-pay process and is responsible for recording, tracking and processing of vouchers (vendor invoices). It also performs the critical task of creating vendor payments.
Vouchers can be manually entered or brought through an interface using the Voucher Build process. Vouchers maintenance process includes voucher deletion, voucher closing, and voucher unposting. Voucher Matching is an important process that validates the vouchers before they are paid. PeopleSoft offers four different methods of matching, where vouchers can be validated against purchase orders, goods receipts, or inspections. We need to configure match rule control that determines which match rules need to be used for the matching process.
Pay Cycle process is used to create vendor payments. PeopleSoft supports a large number of payment methods. A step group contains the payment steps required to process and create payments for a specific payment method. Pay...
