
Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation
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Creating payments for vendors and issuing them is one of the critical aspects of PeopleSoft AP module. PeopleSoft offers a wide range of payment methods that can be used to create payments: ACH (Automated Clearing House), System Check, Wire Transfer, Electronic Funds Transfer, Drafts, Giro-EFT and Letter of Credit. A batch process known as Pay Cycle (AP_APY2015
) is used to select the eligible vouchers and create payments for them.
We'll discuss the following important steps involved in payment processing using the Pay Cycle:
Configuring pay cycle steps
Configuring pay cycle step group
Specifying payment selection criteria
Executing pay cycle batch process
Pay cycle is a group of multiple steps, each responsible for a specific task. Each step is essentially a different program. For example, if we are processing check payments, it involves distinct steps such as Payment selection (where eligible vouchers with payment method of 'Check' are selected...
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