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

Reviewing open transactions


As we briefly saw earlier, open transactions are created when we perform asset additions or adjustments. Each asset open transaction can have multiple transaction types, such as addition, retirement, reinstatement, and so on, associated with it.

Open transaction review is important because it allows us to know the asset processing status.

Follow this navigation to review open transactions for an asset:

Asset Management | Depreciation | Open Transactions | Review

The following screenshot shows the open transaction details for an asset for the ADD (Asset addition) transaction type:

  • Depreciation Calc Status : This field shows the status of depreciation performed for this asset. A status of Complete means that the depreciation has been calculated.

  • Acctg Entry Creation Status : This field tell us if accounting entries have been created and sent to General Ledger.

  • Reporting Process Status : This field indicates if depreciation details for this asset have...