Invoices

PeopleSoft Contracts enables customers to generate billing activity and create bills for a billing plan with or without intervention from billing staff.

Invoicing from PeopleSoft Contracts and PeopleSoft Project Costing with PeopleSoft Billing Intervention

In some cases, business practices may dictate that billing specialists manage the taxation of invoices rather than contract specialists. In this scenario, it is not necessary to provide tax parameters for your contract lines and billing plans. PeopleSoft Contracts can send billing information to PeopleSoft Billing where no tax parameters are defined in PeopleSoft Contracts for that billing activity. In this case, the billing specialists must review invoices for correct tax parameters before finalization of the bill.

Invoicing from PeopleSoft Contracts and PeopleSoft Project Costing with no PeopleSoft Billing Intervention

To have no intervention from billing staff, you must define the tax parameters for all lines on the billing plan. You establish tax parameters at the customer level, and the system populates the billing plan with these default values. The system then runs these processes:

• The Contracts Billing Interface process, which creates the billing interface activity.

• The Billing Interface process, which creates the bills.

• The Billing VAT Defaulting process, which assigns appropriate VAT default values.

• The Finalization process in PeopleSoft Billing, which uses the tax parameters that are sent over by PeopleSoft Contracts to call the third-party tax suppliers and calculate taxes.