Understanding Customer Billing
You must submit a clear and accurate bill to every customer. The PeopleSoft Student Financials Billing feature offers you great flexibility when generating these bills. You can create a single bill for one customer, or you can create a batch of bills for several customers at the same time. You determine the messages that appear on your bills. To save time, you can establish a billing standard request that enables you to repeatedly create bills with the same parameters. You can print your bills using Form Based Extract Bill, Crystal, or a Student Financials Structured Query Report (SQR) and XML Publisher.
Note: Although the terms bill and invoice are technically synonymous, a distinction exists between the two terms in the context of the Student Financials application. Throughout this section, the term bill refers to a set of billing data for a student or a corporation that resides in the database. When the system prints a bill, the resulting paper document is an invoice.
Credit Invoices pertain to Oracle's global invoicing functionality and are invoices that document reductions in charges that have been previously invoiced. Credit Invoices are used to notify the student that a prior invoice has changed and a lesser amount is now requested from the student, a payment has a credit balance, or both.