Book Image

Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation

By : Ranjeet Yadav
Book Image

Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation

By: Ranjeet Yadav

Overview of this book

PeopleSoft financial management applications have been recognized as a leading ERP product across a wide range of industries that helps organizations automate their accounting operations, cut costs, and streamline business processes. They offer industry leading solutions for organizations' global needs, however complex they may be. PeopleSoft Enterprise Financial Management 9.1 Implementation is probably the only learning resource for a novice practitioner, who may otherwise have to rely on thousands of pages of documentation for such a complex ERP system. This book covers all the crucial elements of PeopleSoft Financials—a business processes, configuration, and implementation guide. This is the ideal one-stop resource before entering the world of PeopleSoft implementation. Beginning with the fundamentals of a generic financial ERP system, this book moves on to basic PeopleSoft concepts and then dives into discussing the individual modules in detail. You will see how to leverage financial modules such as Billing, Accounts Receivable, Accounts Payable, Asset Management, Expenses, and General Ledger. Dedicated chapters discuss key PeopleSoft features such as application security and commitment control for budgeting. You will learn fundamental ERP concepts such as the chart of accounts, used by organizations for recording and reporting financial transactions, and how to implement them in PeopleSoft through chartfields, business units, and SetIDs.
Table of Contents (16 chapters)
Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation
Credits
About the Author
About the Reviewers
www.PacktPub.com
Preface
Index

Understanding common configurations


We will discuss some of the important configurations in respective sections such as matching, payment processing, and so on. In this section, we'll take a look at some of the common configurations that are applicable for the entire module.

These configurations include the following:

  • Configuring accounting templates

  • Configuring voucher origins

  • Configuring miscellaneous charges

  • Configuring payment terms

Configuring accounting templates

In the given sample accounting entries, we saw that the system needs the chartfield values for cash, accounts payable, and expense accounts. While the expense account is provided by the purchase order or manually specified on the voucher, values for cash, and accounts payable are derived from accounting templates.

Follow this navigation to configure accounting templates:

Set Up Financials/Supply Chain | Common Definitions | Accounting Entry Templates | Templates

The following screenshot shows a part of the accounting template...