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


Pending items can be entered into AR manually using online pages or brought from external sources. A set of staging tables stores the pending item groups. The Receivables Update process posts these pending items, which then become items and part of the customer's balance.

Item maintenance activities include item write offs, refunds, and offsets. The Automatic maintenance process is used to automate the item maintenance activities. Maintenance worksheets are used to perform these activities manually.

The AR module is used to record customer payments through electronic methods or manually. Lockbox is one of the most widely used electronic payment methods. We can also upload payments through Excel spreadsheets. PeopleSoft provides a group of staging tables to store electronic payment data from external sources. The payment loader process reads the data from these tables and creates payments.

Received payments need to be applied to customer items. Payment worksheets are used for manual...