Understanding Business Units and SetID
An ERP system like PeopleSoft financial applications needs to record and store enormous amounts of data. We need to understand the types of data that the system generates before getting into how it is done. Business Units and SetID form the basic structure of how the system records and accesses this data.
In PeopleSoft architecture, the data are categorized into the following two types:
- Transaction data: These are the data elements that are generated due to regular business transactions. For example, an organization like Global Vehicles may create a purchase order for one of its suppliers to buy tires for its vehicles, create a vendor invoice (also known as voucher) to acknowledge that it needs to pay its supplier ...
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