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Mar 17, 2021
Hyderabad, India [email protected]
[email protected] http://epathfinders.blogspot.com
PeopleSoft v8.4 to v9.0 Functional Enhancements -Financials
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New features in Version 8.8 GENERAL LEDGER
Book Code Enhancements
PeopleSoft General Ledger 8.8 enhanced the Book Code functionality to offer greater flexibility and efficiency to multinational organizations by enabling you to have more than one book code associated with an account.
Reporting in XBRL Formats
To improve reporting and access to financial information, PeopleSoft General Ledger 8.8 supports XBRL (extensible Business Reporting Language) specifications 2.0 to provide standard formats in which to prepare reports that can be subsequently presented in a variety of venues.
Real time subsystem Updates – AP and AR
Immediate recording of transactions from core financial applications to PeopleSoft General Ledger without having to manually run and schedule intermediate processes now enables organizations to immediately post to the general ledger and report on a more real‐time basis. In PeopleSoft 8.8, the Journal Generator COBOL process (FSPGJGEN) was rewritten as a PeopleSoft Application Engine process (FS_JGEN) to enable PeopleSoft Payables and Receivables to seamlessly call the Journal Generator process in support of real‐time updates to PeopleSoft General Ledger without impact to other ongoing transactions.
Document Sequence Number for tracking
The Document Sequencing feature for PeopleSoft General Ledger now enables you to:
• Search by document sequence number on these pages in the Journal Entry page and the Review Journal Status page.
• Display the document sequence number in the General Ledger Activity Report and the Journal Entry Detail Report.
• Use the document sequence number as criteria in Review Journal Data, Open Item Maintenance, and Open Items Review Status Online components.
Budget Improvements for commitment control.
New Commitment Control Features
New features in Version 8.9 GENERAL LEDGER
Multiple Adjustment Periods
PeopleSoft enables you to have different adjustment periods open at the same time for two fiscal years. For example, assume the current time frame is January through mid‐February of 2005 and your work must continue on the completion of the year‐end close for 2004. You can make both the years 2004 and 2005 open adjustment years.
Improved Cash‐flow statements
The new cash flow functionality provides a worksheet in which you can:
• Define the cash flow lines and their hierarchy required for your cash flow statement.
• Use element definitions that provide the capability to specify the data and calculations behind the lines making up the cash flow statement.
• Create data source definitions to identify from where the cash flow data is to be derived.
General Ledger 8.9 supports the production of the cash flow statement utilizing the direct and indirect methods.
Fund Source tracking for expenses
In addition to the usual processing and budget checking of transactions by Control ChartField for various budgets, you now have a secondary layer where transactions can be budget checked by funding source. The new functionality enables you to determine how much of a particular funding source has actually been expended, monitor the total allocation of each funding source, and readily determine where funds are allocated.
New features in Version 9.0 GENERAL LEDGER
Enhanced Spreadsheet Import
The following expected enhancements to the spreadsheet import provide consistency with journal entry:
• Support for NEXT Journal ID to insure controlled sequencing of transactions.
• Support for use of Speed types to reduce data entry time and error correction.
• Support for defaulting of business unit from journal header to journal lines.
• Support for consistency of real time versus batch upload edits and capabilities.
• Support for entry of Commitment Control adjustment activity.
• Support for improved error message detail to further reduce reconciliation efforts.
Enhanced Combination Editing
When using trees to specify ChartField combination values for the Master selector Tables, the build process for the Master Selector Tables stores only the range of values for the tree nodes. The build process does not store the detail values encompassed by the nodes. It is when transactions are edited during combination editing batch processing that the range of values for each ChartField are exploded and stored in tables for each editing request.
Oracle XML Publisher (XMLP) technology is accessible from PeopleTools 8.48 PS Query and all PeopleTools 8.48 based applications. This technology enables PeopleSoft Enterprise to deliver XML publisher reports to supplement Crystal reports, which require manual changes if you implement ChartField configuration. These XML publisher reports do not require manual changes to support ChartField configuration and use the same criteria as the Crystal reports.
Web service based ChartField validation
Web services facilitate integration requirements for building connected applications for deployment on the Web and are especially useful for exposing services and service operations for applications that do not share the PeopleSoft Enterprise financials database, such as legacy application.
New features in Version 8.8 ACCOUNTS PAPYABLE
Duplicate Vendor Check
Peoplesoft Payables 8.8 provides the feature to have duplicate vendor check to identify if a vendor is already registered in the Peoplesoft system. The duplicate vendor check will be made at Set ID level because Vendor data can form part of control tables in the table set. The search criteria includes – Vendor Name / Vendor Short Name VAT Regist No /D&B Number/Withholding Tax ID
Single Payment Vendors
While dealing with one time vendors, the data relating to the vendor is required only once. In such cases a new feature of entering Single Payments helps. While entering Single Payments, it is possible to define Single Payment Vendors with required processing details such as p