PeopleSoft Payables functionality for automated processing of Federal and State Tax Payments?
We are currently utilizing the ACH functionality on Wells Fargo website to process the Federal and the multiple state tax payments based on the information provided by the Tax department. These have been tagged as Tax Payment (TXP) transactions. We have PeopleSoft Enterprise FIN Payables (Version 9.2).
In the PeopleSoft Payables guide, I do see "(USF) Processing PeopleSoft Payables for U.S. Federal Agencies", but I am not sure if this is the functionality that could possibly provide a solution. This is specifically for switching the Tax payments processing to happen through PeopleSoft so that the associated Journal entries would be created directly into PeopleSoft?