Recurring Prepayment Vouchers

This section discusses voucher contracts.

Voucher Contracts

PeopleSoft voucher and order contracts enable you to manage recurring voucher payments and PO releases over any time period. PeopleSoft voucher and order contracts support both product and service contracts and enable you to share contracts across business units. Use voucher contracts to establish and schedule amounts for recurring payments such as rent and lease payments, utilities, and regular supply deliveries, and you can generate the resulting vouchers. As each voucher comes due according to the payment terms of the supplier and business unit, the voucher is approved and paid. You can adjust the amount of individual vouchers during the life of the contract.

Select the Prepaid Voucher option or the Prepaid Voucher with Advance PO Contract process option in the Voucher Contracts Options group box on the Maintain Contract - Header page to associate a prepayment reference for the contract. When a recurring voucher is generated, it is applied to the prepaid voucher using either the batch or manual application processes.