Understanding Payment Application Options

PeopleSoft Receivables provides three options to apply payments:

• The Payment Predictor process (ARPREDCT) automatically applies payment to items and makes partial payments based on the payment predictor methods that you define and assign to business units and customers.

  Note: If you receive payments for vendor rebate claims or claimback items from PeopleSoft Purchasing or PeopleSoft Order Management from the Claims Management Workbench, you cannot use this option for those items. You must manually apply the payments on the payment worksheet to indicate the base and value-added tax (VAT) amounts if any for each item.

• The payment worksheet provides a method that enables you to manually apply payments to items and make partial payments.

• The Credit Card Application Engine process (AR_CRCARD) enables you to pay for individual items by credit card.