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

Customer correspondence


As the AR system deals with tracking invoices sent to customers and receiving their payments, one of its important functions is generating effective correspondence with them. It can be in the form of customer statements (which list the open items, received payments and so on.), dunning letters (which notify the customers about their overdue items) or follow up letters. We'll discuss the most widely used features—statements and dunning letters.

Customer statements

An organization may dispatch detailed statements each month, which let the customers know their outstanding items, total balance, and so on. We can generate customer statements by following these steps:

  1. Configuring a statement ID that establishes rules for statement generation

  2. Running the customer statements multi-process job

  3. Running the statement print multi-process job

Configuring the statement ID

Statement ID specifies which items are included in customer statements. It also specifies conditions when statements...