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


PeopleSoft General Ledger is the central repository of all accounting information created by accounting transactions. All other modules (such as Billing, AR, AP, and so on) send their accounting details to the General Ledger in the form of journals. Journals can be created manually using online pages, imported from non-PeopleSoft systems as flat files, or uploaded using Microsoft Excel spreadsheets. Journal Generator is an important batch process used to create journals from accounting entries from other PeopleSoft modules. Journal Edit and Journal Post are other important components of journal processing.

Once journals are posted, they update the account balances in the LEDGER table.

At the end of an accounting year, the balances of revenue and expense accounts need to be transferred to the retained earnings account in the balance sheet. This process is known as Closing. Organizations can perform interim closing (optional) apart from the year-end closing. PeopleSoft uses the closing...