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

Entering and processing budgets


Now that we have familiarized ourselves with the necessary configurations to use commitment control, we'll now move on to the next stage. In this section, we'll discuss how we can create, transfer, and process budgets.

Entering budget journals

We already saw that the budget ledger in the commitment control ledger group stores the budget amounts. These budget amounts are entered using budget journals. In Chapter 7, PeopleSoft General Ledger Module, we saw how to create journals and post them to the ledger. The process to enter and post budget journals to commitment control ledgers is more or less similar.

Follow this navigation to enter a budget journal:

Commitment Control | Budget Journals | Enter Budget Journals | Budget Header

The following screenshot shows the Budget Header tab of the budget journal:

  • Ledger Group: Select the commitment control ledger group that should record the budget amounts. Recall that we specified the CC_COMBO ledger group to business...