Streamlined Billing

Utilize streamlined billing to reduce the number of steps for invoicing bills, fees, withholding amounts, and progress payments. Streamlined billing enables you to process transactions from PeopleSoft Contracts to PeopleSoft Billing and back to PeopleSoft Contracts with one job, after the necessary streamline billing parameters are defined in your system. To initiate streamline processing, you must select the Pre-approved and Direct Invoicing check boxes on the Billing Plan – General page.

PeopleSoft Contracts delivers the following additional streamline billing options:

• Select the Process Milestones check box on the Process As Incurred Billing or Process Other Billing Methods pages to run the milestone update process prior to running the Contacts/Billing Interface process.

• Select the Process Automatically check box on the Billing Fee worksheet page for rate-based contract lines associated with fee types (cost-plus).

  By selecting this check box, the system checks the limit for the billing fee, creates the billing fee, and sends the fee to PeopleSoft Billing.

See PeopleSoft Contracts: Streamlined Billing.