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:

  1. A prepaid balance of 100,000 USD is established.

    Purchased Amount Remaining Amount Committed Amount

    100,000.00 USD

    100,000.00 USD

    0

  2. 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

  3. 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