Setting up prerequisite payables

Complete these tasks in Payables for contracts where Payables invoices must be paid before transactions are invoiced.

See the Payables User Guide for invoicing and payments.

Create invoices. Create the project in the distribution line and include the payable amount.
Submit the invoice for approval. If approval is not required, then release the invoice.
Journalize and quick-post the invoices.

The Paid status is on hold for payables billing. Transactions are not included on a project invoice until the payable invoice is paid. Process the paid project transactions to include them on a project invoice.

See Viewing unbilled transactions.

AP Paid shows Eligible for Billing or Hold for Billing.
Run Perform Cash Requirements.
Run Payment Clearing File Creation or Electronic Payment Creation output interfaces.
Run Payment Close.
Run Paid Invoice Project Update any time after paying invoices.

When Paid Invoice Project Update is run in update mode, the AP Paid status is changed from Hold for Billing to Eligible for Billing.

The transactions are ready to be invoiced in Project Ledger.