Vouchers are at the bottom of the hierarchy. Vouchers are unpaid invoices, prepaid invoices, or adjustments entered into the system from voucher origins. They can either be entered manually using the online pages or automatically using batch processes delivered with PeopleSoft Payables. Each voucher is assigned a unique identifier either automatically or manually; the identifier provides a means for tracking all invoices, adjustments, and payments through the system.
PeopleSoft Payables gives organizations maximum control over voucher processing, enabling them to control voucher header information.
The system:
• Checks for duplicate invoices.
• Calculates and confirms taxes.
• Converts the transaction currency to your base currency.
• Assigns default payment terms and payment dates.