Prepaid Amounts: Tracking
When adding a prepaid amount to a contract, the system tracks three amounts that are associated with that prepaid balance: purchased amount, remaining amount, and committed amount. The following steps define how these amounts are used:
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A prepaid balance of 100,000 USD is established.
Purchased Amount Remaining Amount Committed Amount 100,000.00 USD
100,000.00 USD
0
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A utilization of 25,000 USD is sent to PeopleSoft Billing through the Contracts Billing Interface process.
Purchase Amount Remaining Amount Committed Amount 100,000.00 USD
100,000.00 USD
25,000.00 USD
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A utilization of 25,000 USD is finalized in PeopleSoft Billing.
Purchase Amount Remaining Amount Committed Amount 100,000.00 USD
75,000.00 USD
0