PeopleSoft financial applications have been recognized as a leading ERP product across a wide range of industries that help 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 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 - core concepts, business processes, and configuration. This is the ideal one stop resource before embarking into 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 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.
Chapter 1, PeopleSoft Financials Fundamentals, covers important concepts and configurations such as Chart of Accounts and PeopleSoft Chartfields, Business Units, SetIDs, ledgers, and Journals. It also discusses configuring banks, specifying User Preferences, and using the Setup Manager for PeopleSoft implementation.
Chapter 2, PeopleSoft Security, gives an overview of designing user security for PeopleSoft applications. It discusses important concepts such as Permission Lists, Roles, User Profiles, and related configurations. The chapter also discusses Row Level Security and its configurations.
Chapter 3, PeopleSoft Billing module , discusses important steps in the invoice lifecycle, such as manual and automated invoice entry, billing batch processing, and performing invoice adjustments. It also discusses concepts such as Deferred Revenue Processing and Unbilled Revenue Accrual. The chapter also covers critical billing configurations needed to implement the Billing module.
Chapter 4, PeopleSoft Accounts Receivable module, covers important concepts such as pending item accounting and related configurations such as Entry Types and Entry Reasons. It covers steps in the AR business process such as Pending Item Entry, Receivables Update process, Item Maintenance, Aging, Payment Entry, and Payment Application. The chapter also discusses customer correspondence methods such as Customer Statements and Dunning Letters.
Chapter 5, PeopleSoft Asset Management module, discusses important steps in the fixed assets lifecycle such as Asset entry, Depreciation processing, Asset adjustments, Asset retirements, and creating accounting entries. It also covers critical AM configuration steps.
Chapter 6, PeopleSoft Accounts Payable module, covers the voucher lifecycle steps such as Voucher Entry, Voucher Posting, Matching, Voucher maintenance, Paycycles for processing payments and Withholding. It also discusses critical configurations such as Accounting Templates, Voucher Origins, Miscellaneous Charges, and Payment Terms.
Chapter 7, PeopleSoft General Ledger module, covers various journal entry methods such as Journal Generator, Flat file import, and Manual journal entry. It also gives an overview of journal processing steps such as Journal Edit and Journal Post. The chapter discusses concepts such as Interim and Year-end Closing as well as Allocations and related configurations.
Chapter 8, PeopleSoft Expenses module, covers processing of cash advances and expense reports along with importing Expenses data from various external sources. It covers workflow approvals – an integral part of Expenses module along with other critical configurations such as Employee Profiles, Expense Types, and Location Amounts.
Chapter 9, PeopleSoft Commitment Control , explains the basic concepts behind budget control in PeopleSoft financial applications along with relevant critical configurations. It also discusses the entry and processing of budgets and handling of commitment control exceptions.
PeopleSoft applications are installed on the server by the System Administrator. The installation is a complex task and requires PeopleSoft technical skills. The intended audience for this book will not be performing this task. It is expected that they will refer to an existing demo environment of PeopleSoft applications. However, following steps can be referred to download the application from Oracle's URL. PeopleSoft applications can be downloaded as follows:
Visit http://eDelivery.Oracle.com
<http://edelivery.oracle.com/>On the page, click Continue.
Enter details as shown in the following screenshot:
Enter details as shown in the following screenshot:
Download the demo version.
This book is intended for functional implementation analysts planning to work on implementation teams, business analysts who support in-house PeopleSoft applications, and business users who plan to start using PeopleSoft applications.
In this book, you will find a number of styles of text that distinguish between different kinds of information. Here are some examples of these styles, and an explanation of their meaning.
Code words in text are shown as follows: "For example, in BI_ACCT_ENTRY table, the ACCOUNTING_DT field is used to store the accounting date."
New terms and important words are shown in bold. Words that you see on the screen, in menus or dialog boxes for example, appear in the text like this: "The Billing module creates accounting entries for sales invoices for customers."
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