Oracle PeopleSoft Enterprise Financial Management 9.1 Implementation

Understanding accounting structure—Ledgers and Journals

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

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 ...