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 journal processing


Journal is a mechanism to record accounting entries in a summarized form. There are multiple ways in which journals are created in the General Ledger. In Chapter 1, PeopleSoft Financials Fundamentals, we saw how we can configure accounting entry definitions, accounting entry templates, and journal sources. Now we'll explore other aspects such as journal creation, editing, and posting.

Journal creation

There are four ways in which journals can be created:

  1. Manually from journal entry pages

  2. Using the Journal Generator process to create journals from other PeopleSoft modules as well as non-PeopleSoft systems

  3. Spreadsheet journal upload

  4. Flat file import

Let's discuss these methods in detail.

Using the Journal Generator process

Journal Generator is used to create journals from PeopleSoft sub-modules as well as accounting entries generated and sent by external non-PeopleSoft systems. As we have previously discussed, each sub-module such as Billing, Accounts Receivable...