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

Handling commitment control exceptions


In this section, we will discuss the common solutions for resolving the transactions that are flagged as exceptions by the Budget Processor.

Typically when a transaction fails budget check, there are two ways to resolve it: adjust (reduce) the transaction amount or adjust (increase) the budget amount.

Option 1: Adjusting the transaction

Scenario

Resolution

There is not a sufficient budget amount available for the transaction.

Reduce the transaction amount sufficiently so that it can pass the budget check.

There is not a sufficient budget amount available for a given combination of chartfields. Assume that budgets are set up for different Department and Product combinations.

Change the chartfields and perform a budget check. For example, we can purchase a computer for a different Department which has a sufficient budget amount.

There is not a sufficient budget amount available for a budget period. Assume that an organization has monthly budgets...