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


Bills can be entered into the system manually or brought in through the Billing interface. PeopleSoft offers a set of interface tables which act as a staging area for bills coming from other PeopleSoft modules such as Order Management, Contracts, and so on or external non-PeopleSoft systems. A batch process known as Billing Interface reads the data from interface tables, performs the validations and creates bills in the Billing system. This option is suitable for high volumes of billing data.

A set of batch processes perform various operations such as finalizing the bill, printing invoices, creating accounting entries, and interfacing the bill data to other PeopleSoft modules such as General Ledger, Accounts Receivable, and Accounts Payable.

If created invoices need to be modified, PeopleSoft offers two methods to do so: crediting entire bill or crediting specific bill lines. In Billing module, we can handle various scenarios such as Deferred Revenues (where revenue recording can...