Understanding Payment Predictor Processing

The Payment Predictor Application Engine process (ARPREDCT) is the automatic cash application process in PeopleSoft Receivables. It provides an alternative to applying payments using an express deposit or payment worksheet. Think of Payment Predictor as an automated version of the payment worksheet, which is used to match payments manually to open items or to create adjustments or write-offs for overpayments and underpayments. The items, which have a payment method of cash, check, credit card, electronic file transfer, or giro - EFT, qualify for Payment Predictor processing. The ones with direct debit and draft payment methods are processed by other processes.

This topic discusses:

• Payment Predictor process flow.

• Algorithms and methods.

• Payment Predictor and multicurrency processing.

• Item-level adjustments and reference values.

• Payment Predictor multiprocess job.