Interaction with PeopleSoft Contracts

PeopleSoft Pay/Bill Management requires that you have PeopleSoft Contracts installed on your system. PeopleSoft Pay/Bill Management interacts with PeopleSoft Contracts so that you can:

• Automatically create, manage, and process contracts associated with your orders.

• Create, manage, and track customer purchase orders.

• Process billing.

• Process revenue.

  PeopleSoft Pay/Bill Management automatically creates a contract for each order added to the system (except for orders with a status of Draft), and a contract line for each assignment. For temporary assignments, the system creates a rate set which contains the billing rates to be used for the work performed in the assignment. For career assignments it creates milestones with the dates that the customer should be billed. The system also automatically creates a revenue and a billing plan for each assignment. When the first assignment is saved, PeopleSoft Pay/Bill Management activates the contract. For each subsequent assignment in the same order, the system creates a contract amendment in order to add the contract lines.

  Through PeopleSoft Project Costing, PeopleSoft Pay/Bill Management integrates indirectly with PeopleSoft Billing, PeopleSoft Receivables, and PeopleSoft General Ledger.