Wire Transfers

A wire transfer is a transaction that you initiate through your bank. You can create a manual payment and run pay cycle processes to process your wire transfer payments. During pay cycle processing, you can generate a remittance advice only report (WIRE1) for paying by wire.

Wires can also be processed through Pay Cycle Manager using the PeopleSoft Financial Gateway functionality.

As with system and manual checks, after you create your wire payments, you can run the payment posting process to create accounting entries and then run the Journal Generator process to pass the accounting entries to the general ledger.