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Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation by Ranjeet Yadav

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Understanding accounting structure—Ledgers and Journals

The following illustration depicts a high level view of accounting entry creation and processing in PeopleSoft financial applications:

Understanding accounting structure—Ledgers and Journals

As you can observe, this illustration gives an overview of how different modules, such as Billing, Accounts Receivable, Accounts Payable, Asset Management, Expenses (also known as sub-modules or sub-systems) are integrated with General Ledger module. Each module creates accounting entries for business transactions that take place. For example, the Billing module creates accounting entries for sales invoices for customers; the Asset Management module creates accounting ...

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