Recurring vouchers are another form of a non-po voucher however; they are specifically created to:
- make payments to the same supplier
- for consistent amounts
- over a specific period of time
- occurring at a specified time.
For example: suppose a business pays $35,000 rent each month. You can either manually enter the voucher each month and submit it to APSS for processing or set up a recurring voucher contract that automatically creates a voucher each month for the entire year. Once the recurring voucher is loaded into PeopleSoft, each voucher is budget checked, approved, and marked for payment at the appropriate time based on the supplier’s terms specified therefore; eliminating submission of multiple non-po vouchers to APSS for processing each month.
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Reviewed 2020-02-14
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