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Chapter 4. PeopleSoft Accounts Receivabl... > Understanding item maintenance

Understanding item maintenance

Now that we have successfully entered the pending items into the system and posted them using Receivable Update process, we are ready to track them. However, there are many situations where items need to be modified before we receive payments for them. Before we proceed, let's remember the conventions for the debit and credit items.

In AR terms, a debit item increases a customer's outstanding balance. For example, an invoice, a debit memo (which represents some additional charge), and so on. Such debit item amounts are always positive.


  

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