Finance Notes

Few generic finance paths
1. User Preferences  
  Setup financials/Supply Chain > Common Definitions > User Preferences > Define User Preferences
  
2. Open Period Update
  Setup financials/Supply Chain > Business Unit Related > General Ledger > Open Periods > Open Period Update
  Enter AP, Business unit = ABCD and Ledger = ACTUALS
 
3. Budget Period Calendar
  Setup financials/Supply Chain > Common Definitions > Calendars/Schedules > Budget Period Calendar
  Choose the setid  and Calendar ID = YE, Add a new row for the next year and save.

4. Calendar Builder
  Setup financials/Supply Chain > Common Definitions > Calendars/Schedules > Calendar Builder
  Enter the begin Date and End date and Click on Generate Button.

5. Document Tolerance Exceptions – DOC_TOL_EXCPT
  Purchasing > Purchase Orders > Review PO Information > Document Tolerance Exceptions> Doc Tol Exception
  View and update document tolerance exceptions.
 
6. Document Tolerance Override – DOC_TOL_OVR_LOG
  Purchasing > Purchase Orders > Review PO Information > Doc Tolerance Override History > Override Log
  View and update document tolerance exceptions.

Commitment Control:

The Commitment Control feature is an optional feature of the PeopleSoft Financials, Enterprise Service Automation, and Supply Chain Management product lines that enables you to control commitments and expenditures automatically by checking them against predefined, authorized budgets. It is a subsystem of
PeopleSoft General Ledger that you can activate for specific products and business units.

With the Commitment Control feature, the procure-to-pay cycle is populated with pre-encumbrances, encumbrances, and expenditures, all of which are tracked against a designated budget. Here is a high-level overview of the procure-to-pay cycle when using the Commitment Control feature:

When you generate a requisition, a pre-encumbrance is created in the budget records by the budget-checking process.

When a requisition becomes a purchase order, the Commitment Control feature relieves the pre-encumbrance and creates an encumbrance.

When the purchased goods or services are delivered and the purchase order becomes a voucher, the Commitment Control feature relieves the encumbrance and creates an expenditure.