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

Summary


Commitment control is a useful optional feature used by organizations to enforce budget controls. PeopleSoft offers the ability to define budgets and track transactions against these budgets. Budgets can be defined for both expense and revenue amounts. Dedicated commitment control ledgers are used to track the various types of commitment control transactions.

Budget, Pre-encumbrance, Encumbrance, and Expenditure ledgers are required in a commitment control ledger group. Commitment control budget definition determines the processing options for a ledger group. Rulesets specify processing rules for various groups of designated chartfields. A commitment control ledger group is linked to an actual ledger group for a business unit so that an association is made between the actual transactions and their corresponding budgets.

Budget amounts for necessary chartfield combinations are entered using budget journals. These journals are then posted to the appropriate commitment control ledger...