PeopleSoft Basics For Accounts Payable

1. PeopleSoft BasicsFor Accounts Payable Learn and Leave Thursday, May 23, 2013

2. PeopleSoft BasicsFor Accounts Payable DEFINE PeopleSoft Vendor payments are made through Accounts Payable and ALL employee reimbursements are made in the Travel and Expense module. ALL Non-Payroll payments are made through Accounts Payable.

3. PeopleSoft Basics For Accounts Payable DEFINE PeopleSoft PeopleSoft has THREE databases Vendors Students Payroll Liabilities DEFINE has ONE Vendor database

4. PeopleSoft Basics For Accounts Payable DEFINE PeopleSoft Vendor data will be obtained using a single Supplier Information Form shared by the UT Institutions. Vendor data is obtained using various forms or methods.

5. PeopleSoft Basics For Accounts Payable DEFINE PeopleSoft Departments create new vendor records, submit the UT Supplier Info form to AP then AP completes and approves the setup. Departments create new vendor records then AP verifies the data and vendor status prior to approving.

6. PeopleSoft Basics For Accounts Payable DEFINE PeopleSoft Departments submit the UT Supplier Info form to AP then AP updates the vendor record for address changes. Departments create address changes for vendor records then AP verifies the data and vendor status prior to approving.

7. PeopleSoft Basics For Accounts Payable DEFINE PeopleSoft Vendor Payments are made on a SINGLE voucher document either as Non-PO vouchers or PO vouchers Vendor Payments are made on VP1-PO vouchers VP2 – Non-PO vouchers VPE-Entertainment VP6-Travel Vendors

8. PeopleSoft Basics For Accounts Payable DEFINE PeopleSoft Direct Billed payments for hotels are VENDOR payments and are processed through Accounts Payable NOT Travel & Expenses. Direct Billed payments for hotels are processed on “VP6” Travel vouchers.

9. PeopleSoft Basics For Accounts Payable In both systems, Non-PO voucher payments include for example: memberships, registrations, utilities, or student/camp deposit refunds . (Note: This is NOT an all inclusive list.)

10. PeopleSoft Basics For Accounts Payable In both systems, the purchase of ALL goods and services requires a purchase order prior to payment on a PO voucher.

11. PeopleSoft Basics For Accounts Payable DEFINE PeopleSoft A PO payment voucher is auto-populated by the individual line items from the originating PO. VP1-PO payment voucher creator must enter separate transaction lines for different expense items.

12. PeopleSoft Basics For Accounts Payable DEFINE PeopleSoft The “budget checking” process will be scheduled to happen periodically throughout the day. Payment vouchers automatically check for available budget when a VPm voucher document is Verified.

13. PeopleSoft Basics For Accounts Payable DEFINE PeopleSoft Vouchers won’t route for approval unless the budget status is “Valid”. Creators must resolve budget errors. Vouchers won’t route for approval unless there is available budget. Creators must resolve Insufficient Funds errors.

14. PeopleSoft Basics For Accounts Payable DEFINE PeopleSoft PeopleSoft has a user “Worklist” for documents pending budget authority or processing office approval. All DEFINE users have a “YB2” inbox which lists both pending created documents and “Information Copies”

15. PeopleSoft Basics For Accounts Payable Any Accounts Payable or Vendor set-up questions?